Word: costs
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Dates: during 1970-1979
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...have to, since the growth of the story is away from the comic mode toward something more rueful, and more interesting, in mood. Bogdanovich ends his film with the 1915 premiere of The Birth of a Nation, the first major American feature-length film, a work of unprecedented scope, cost and profitability. Its success over night made the movies into a serious business. To remain competitive there after required a considerable investment of time and money...
Perhaps not, but the rupture remains. As of Jan. 1, a barrel of Saudi or Emirate crude will sell for $12.08; a barrel from the other eleven countries will cost $12.70, reflecting an immediate 10% boost (the eleven propose to tack on another 5% on July 1). The two-tier price works out to about an 8% increase in the average price of oil imported by major consuming nations-enough to put a drag on the global economy. French President Valéry Giscard d'Estaing estimated that OPEC price boosts since 1973 have hit the French consumer...
...beer cans and some auto bumpers, and plastics for many refrigerator parts, for example. Between 1950 and 1975, total industrial production rose 260%, steel output only 120% (see chart). Services have grown vastly in importance in the modern economy; an increase in auto-insurance rates can push up the cost of owning a car much more than the price of the steel going into that...
...state and local governments, and later to professional people-two low-risk groups. But then, in heedless pursuit of further growth, GEICO let down the bars, writing policies for just about anybody, and it failed to set aside adequate reserves to cover claims that were inflated by the rocketing cost of auto parts and medical care. By last summer, its losses had mounted so high that Maximilian Wallach, insurance superintendent for the District of Columbia, where GEICO has its headquarters, set a deadline for moving to have the company declared bankrupt...
...same time, Japan has a deep-seated psychological aversion to importing. Many European imports are considered luxurious indulgences, and are priced accordingly. A fifth of Johnny Walker Black can cost $25.50 (v. $11.90 in Manhattan); imported Italian shoes for men easily run to $110. Common Market members also charge that their efforts to sell to Japan are hamstrung by nontariff barriers to trade. For example, European auto manufacturers (who export a mere 26,000 cars to Japan, v. the 400,000 the Japanese ship to the Nine) complain about a cumbersome maze of customs procedures, pollution and safey requirements...