Word: crunchingly
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Dates: during 1970-1979
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...prices are up and supplies are down, but people the world over are confused and skeptical about whether an energy crisis exists. If the crunch is for real, they wonder how bad it is, who caused it, where it is leading, and what should be done to cope with it. For the answers, TIME interviewed at length five leading independent oil experts. They are: Morris Adelman, 62, professor of economics at Massachusetts Institute of Technology; Walter Levy, 68, the dean of petroleum consultants and adviser to governments and oil companies; John Lichtblau, 57, head of the private Petroleum Industry Research...
...casualty of the job crunch and changing student mood is the Afro-American studies department, the creation of which was often one of the chief demands of campus militants. "Curriculum demands now run to courses like How to Operate Businesses in the Black Community," says William Banks, Afro-American studies chairman at Berkeley. At Harvard there are only ten Afro-American studies majors this year. Reports Eugene Matthews, a black in Harvard's class of 1980: "I was told not to take many black studies courses because law schools don't look favorably on them." Black studies programs...
...would be naive to assume that if solar and wind energy systems were installed on the rooftops of the land the energy crunch would magically go away. But assuming that nuclear plants will solve the problem is just as naive, and perhaps disastrously so. If a comprehensive government program to encourage installment of solar heating devices--along the lines of the home insulation tax rebate--were to result in only a 5 per cent decrease in the overall demand for oil it would be well worth the effort since U.S. oil supplies are currently only 2.5 per cent below demand...
Amid all the alarm over multiplying profits and double-digit inflation, the White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master freight agreement for the Teamsters...
Unless either house of Congress moves to vote down the Adams plan by May 22-and that now seems unlikely-it will go into effect automatically this October. While Amtrak is a prune candidate for surgery, Congress in this instance may be acting overhastily. A new oil crunch is here, and Amtrak offers about the only energy-efficient alternative to cars. The Adams plan commendably seeks to save cash, but it might be better if it were part of some larger strategy to rebuild and restructure Amtrak to match the fast, comfortable and dependable services of Europe and Japan. Unfortunately...