Word: brings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...pumping. OPEC, meanwhile, is currently producing at least 17.5 million bbl. a day, even though demand for its oil is only at 15 million bbl. As a result, prices are plunging while the countries wait to see which one will be the first to blink. The standoff could bring months or even years of rock-bottom energy bills. Says Mani Said al-Oteiba, Oil Minister of the United Arab Emirates: "The price war is here." Adds Constantine Fliakos, senior petroleum analyst at Merrill Lynch: "It's a case of everyone for himself...
...energy giveaway, which could bring inflation-free economic growth to oil-consuming countries, sent spasms of optimism through the U.S. stock market. The Dow Jones industrial average rose 42.43 points and broke through the 1600 milestone for the first time, closing the week at a record 1613.42. But the rally stalled occasionally, partly because many investors were nervous about the effect that falling oil prices could have on Mexico, Nigeria and other debt-ridden oil producers and on the banks that have lent them money...
...with its debilitating budget deficit. As long as crude prices are falling, increased energy taxes would be a relatively painless way of raising money. In the Senate, New Jersey Democrat Bill Bradley has proposed tripling the current 9 cents-per-gal. gasoline tax, a move that he estimates would bring the Government an extra $15 billion a year. President Reagan conceded for the first time last week that he would listen to proposals for an energy tax, but only if it would be used for reducing other levies rather than purely for cutting the budget deficit...
...morning by the jarring numbers in his fiscal 1987 budget, replayed the themes he has stressed throughout his charmed political life. As he turned an enviable 75 last week, Reagan pushed his red-white-and-blue vision with a young man's zeal and showed his unflagging determination to bring his revolution to fulfillment...
...Supreme Court agrees that the mechanics of Gramm-Rudman are constitutionally flawed, there will be--and certainly should be--pressure to meet the deficit ceilings it mandates. "Whatever the outcome," said Reagan in his weekly radio address Saturday, "we intend to go forward with our plan to bring the federal budget into balance by 1991." In one respect, Reagan's 1987 blueprint is less draconian than expected. It edges below the $144 billion deficit target with a $38 billion package of spending cuts and revenue proposals, rather than the $60 billion outlay reduction that had been predicted. The reason...