Word: credited
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Dates: during 1970-1979
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...against it by the U.S. The biggest difficulty has been surmounting the international banking tangle caused by Carter's order last month freezing more than $8 billion in Iranian assets held by U.S. banks. Because of it, no sizable bank anywhere in the world is willing to extend credit to Iran. Most banks are also unwilling to handle Iran's international transactions, with the important exception of the Swiss and Japanese. They have made it possible for Iran to keep making oil sales, which amount to about $1 billion a week...
...above 1978 levels and higher than the "projected normal stock range." The fact is that less heating oil has been ordered by customers so far this year than during the same period in 1978. A relatively warm November has helped, but the Department of Energy gives much of the credit for the shrinkage in demand to high prices that in turn have led to greater conservation efforts. Citizens are discovering that plugging holes to keep cold air out and hot air in actually works?and saves money. This may not add up to Jimmy Carter's "moral equivalent...
...strong sales across the country, although high interest rates have kept down new construction. Low-interest or no-interest loans for weatherizing are sometimes available through utilities. Along with how-to-do pamphlets like In the Bank ... or Up the Chimney, the Federal Government offers two types of tax credit: up to $300 for energy-saving devices, such as insulation and storm windows, and up to $2,200 for equipment that provides renewable energy, such as windmills and solar water heaters. Wood stoves are not eligible...
Since there were no takers for the school board's $124.6 million in notes, Hannon asked Mayor Byrne to provide a city guarantee for the school board's financing. The mayor, concerned about the city's own credit rating, stalled and appointed a task force of bankers and lawyers to study the matter. Curious about the unexpected pinch, the Securities and Exchange Commission quietly began an inquiry into possible investor fraud in past sales of school notes...
...city, to give Chicago's board time to come up with a long-term solution to the school system's financial woes-which will almost certainly require tax increases. In effect, Mayor Byrne explained, the school board was in receivership and the city was the credit holder...