Word: coal
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...administration to lose faith in its ability to work with a feisty Congress was shown in a remark by energy chief James R. Schlesinger '50 to the effect that the administration would be willing to compromise still further by giving increased tax credits to industries that convert to coal, returning a larger portion of revenues from the proposed energy tax to the oil industry, and allowing regulated natural gas prices to rise to $2.00 per thousand cubic feet instead of the proposed $1.75 ceiling...
This year's answer to the pet rock is a direct result of the nation's fuel crisis. This rock is called, originally enough, "Alumpa" coal. What's so special about Alumpa coal, you ask? "Pride," the brochure explains. "Regular everyday filthy coal gets no respect. Alumpa coal's gem quality demands admiration." Yeah...
Logically, the coal comes from "the ground," and it comes in one color--black. "Black goes with everything. If you want colors, get a peacock," the brochure suggests. For five bucks the shiny black stuff is "guaranteed to just sit there and if it doesn't, that's perfectly all right too, and you have no right to complain." A pushy bunch, eh? But it's o.k., as long as "Alumpa" isn't all that winds up in your Christmas stocking...
Last year, coal stored in railroad cars and silos froze into lumps that were too big to use. Never again, vow the people at Chessie System, the nation's largest coal hauler. Chessie has built three "galloping Gerties": huge steel vibrating fingers that loosen coal in one car every three minutes. Other railroads now have similar contraptions. To reduce the possible impact of a threatened United Mine Workers strike, industries and utilities increased their coal inventories during the autumn months...
Since 1974 more than 50 Yankee bond issues have been sold in the U.S., almost all by governments or organizations whose credit is government-guaranteed. Borrowers include the national governments of Australia, Finland and Norway; the city governments of Oslo and Stockholm; the European Coal and Steel Community and the European Investment Bank; the Japan Development Bank; the state-owned French railroad, telecommunications and electricity networks. Privately owned foreign companies still sell few bonds in the U.S.; they prefer to raise their money in Europe where, for all the disadvantages, there are no tough rules ordering disclosure of secret corporate...