Word: boostings
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Dates: during 1970-1979
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...enough of them around to finance world trade and development. But the dollar gap has since become a dollar glut. Due to heavy foreign spending, first to pay for the Viet Nam War, more recently for oil imports, the U.S. has exported enough dollars in the past decade to boost the reserves held by foreign central banks from $24 billion to $300 billion. Private international banks hold another $600 billion in Eurodollars, which are dollars loaned abroad...
...offense will get a boost from the return of lineman Mike Durgin, who has been in and out with neck and shoulder problems during the last two weeks...
While the West Bank mayors were lobbying for the Palestinian cause in Washington, the P.L.O. received a boost from U.S. Civil Rights Leader Jesse Jackson, off and running on a self-styled Middle East peace mission. Sparks flew from the moment Jackson arrived in Jerusalem, where Premier Menachem Begin snubbed the black activist because of his sympathy for the P.L.O. Said Jackson: "Mr. Begin's refusal to meet me represents a rejection of blacks in America, their support and their money...
That becomes more urgent with every boost in OPEC prices, and the increases now occur with taunting frequency. Since last December the cartel has increased prices by 61%. Now Nigeria, Algeria and Libya appear to be preparing to raise their price of oil by as much as $5 per bbl. If they do, the $23.50 "ceiling" that OPEC set only last June will be shattered, and the cost of all petroleum products, including heating oil, will move up yet another notch...
Despite the increasing unemployment, the wage-price spiral continues. One example: the autoworkers' settlement with General Motors, which will set the pattern for the industry. If inflation averages 8%, the cost-of-living escalator in the new contract will boost the average cost of wages and benefits paid to GM workers from $15 per hour to $20 over three years, for a cumulative raise...