Word: crimp
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Dates: during 1970-1979
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Even if Timilty is not victorious in the mayoral race, he may put a crimp in White's plans for 1975. A landslide victory by the mayor in a city torn by racial strife would considerably improve his chances of realizing his national political aspirations. Kevin White, a near vice-presidential nominee in 1972, recognizes the value of such a victory; but a determined Joe Timilty may keep it beyond his grasp...
Unexpected Crimp. Most significant, the two biggest producers have brought down their totals from late last year. Production has dropped in Saudi Arabia by 1 million bbl., to a total of 7.5 million bbl. In Iran, output has declined from 6.1 million bbl. to between 5.3 million and 5.6 million bbl. Last week Venezuela, which had already reduced output from 3 million bbl., to 2.6 million bbl., announced that it was trimming another 200,000 bbl. Pumping in Libya has been cut in half from last year's average, to 1 million bbl. a day. In January, Abu Dhabi...
Shrinking demand is putting an unexpected, if bearable crimp in the oil revenues on which many of the more populous states depend for their ambitious and costly development programs. Iran, for instance, stands to collect $1.7 billion less in revenues this year than the $20.9 billion it received in 1974, unless present pumping levels are increased. Venezuela estimates that its oil income will be down $1.5 billion, from $9.3 billion last year...
...meshing of new policymaking gears. The general shape of those plans now seems clear. Despite sharp differences over some specific measures, the summit conference produced no overwhelming objections from economists to the basic thrust of Ford's current policies: somewhat reduced Government spending and a continued mild crimp in the money supply. There was also general approval of Ford's plan to ease the impact of an economic slowdown on the poor through tax reforms and job programs...
However, Harvard fund-raisers are very concerned that the usual end-of-the-year bulge in donations will be light this year if the stock market does not turn around before then. This could severely crimp the Harvard and Radcliffe College Funds, the Joint Scholarship Fund and the University's other fund drives...