Word: costs
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Dates: during 1970-1979
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...Proxmire's badgering tone cost him control of his own committee, whose members had received phone calls the day before from Vice President Walter Mondale and Trade Negotiator Robert Strauss urging Miller's confirmation. Illinois Democrat Adlai Stevenson III complained that the committee was asking Miller to prove his innocence rather than confronting him with evidence of guilt. Conservative Republican John Tower of Texas grumbled that "this type of inquiry is how we get our jollies in the Senate. It is easy harassment...
What happened was that Atlanta simply became overbuilt. New buildings failed to fill up, and high-cost real estate loans went unpaid. Late in 1976 the huge Colony Square commercial-residential redevelopment went bankrupt; last August Lance's National Bank of Georgia skipped a dividend. That same month, C & S cut its own quarterly dividend from 13? a share to 6?. In January it omitted the dividend for the first time since 1906, an alarming step for a bank of its stature. Then the Comptroller of the Currency ruled that even the slim profits C & S had reported...
...inflation does not exist in the Soviet Union, and there is no Western-style CPI to disprove the claim. Nonetheless, consumer prices are raised at times by state decree; the government represents those changes as progress toward a more rational ordering of the controlled economy. Last week such "progress" cost Soviet consumers dearly...
Coffee drinkers, a minority among tea-drinking Russians, suffered most. The price of a pound soared from $2.62 to $13. Gasoline doubled, to $1.30 per gal., and 4 million private car owners will also pay 30% more to get those autos serviced. Gold-jewelry prices leaped 60%, though the cost of first-time wedding rings will be partly rebated to encourage marriages...
Another problem is price. According to Iranian Premier Jamshid Amouzegar, LNG costs five to six times as much to ship as oil. And that does not count the formidable expense of conversion and storage terminals; the terminal at Cove Point cost $370 million. Algerian gas costs $2.37 per 1,000 cu. ft. to deliver to East Coast users; Indonesian LNG will cost, $3.42 delivered in California...