Word: demand
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Dates: during 1980-1989
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...pump is largely the result of higher crude- oil prices, and no relief is in sight. Members of the Organization of Petroleum Exporting Countries, whose squabbling has sometimes led to price wars, were relatively cooperative with one another when they met last week in Vienna. Because of strong worldwide demand for OPEC's crude, the group decided that it could boost its self-imposed production quota by 1 million bbl. a day, to 19.5 million, without suffering any serious decline in oil's market price of about $18 per bbl. Moreover, OPEC decided to review the new quotas in September...
...magazine operations to reduce the debt. "We are not going to sell anything," Davis said. "We are not bust-up artists." He also said he would maintain the editorial independence and integrity of Time's books and magazines. "Not only will we maintain editorial independence," Davis insisted, "we will demand it." Journalists at Time Inc. were concerned because, reassuring as such statements made in the heat of battle may be, they fall well short of the written, legal guarantees that had been cemented into the Warner merger...
...year, and pentamidine up to $1,200. Since more than 1 million people in the U.S. are believed to be infected with the virus, the national AIDS medical bill is expected to soar to between $4.5 billion and $8.5 billion a year by 1991. Moreover, the demand for outpatient services, nursing homes and housing for AIDS patients is expected to overwhelm health care systems in the hardest-hit cities...
...confusion, a strategy of sorts emerged. Corporations will continue running their present operations in China as long as they can, and will carry through deals that are already under way as long as that is permitted. The dream of satisfying the demand of a billion or more new customers is too alluring to surrender easily. "You can't afford to just opt out of any world market, particularly one the size and potential of China," says Roger Sullivan, president of the U.S.-China Business Council. "For us to do that would be to just turn it over to the Japanese...
What do computer memory chips, soybeans and pork bellies have in common? All are considered commodities, since their prices float freely, based on supply and demand. With that in mind, the Pacific Stock Exchange of San Francisco announced plans last week to create a futures market for DRAM (dynamic random- access memory) chips, the tiny silicon storage units found in products ranging from computers to toasters. Prices in the $6 billion DRAM market have seesawed sharply over the past few years, swinging from $3 to $30 a chip, depending on type and availability...