Word: demands
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Dates: during 1970-1979
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Stobaugh, Yergin and their Project colleagues avoid this trap. They rule out natural gas as a solution, arguing that the deregulation of interstate prices will not make substantial additions to U.S. gas reserves. Coal's contribution in the short term is uncertain because uncertain demand for the fuel by electrical utilities has made the railroads, coal's key transportation link, hesitant to upgrade their service. Moreover, opposition to the environmental hazards of coal usage (which include black lung disease, the scarring of the land by strip mining, and air, water and thermal pollution) cause the Project to condemn coal...
Everywhere in the U.S.-in towns and villages as well as in cities and suburbs-the cost of shelter is going through the roof. Despite runaway rents, galloping home prices and the difficulties of finding mortgages and paying sky-high interest rates, demand remains strong. The availability of apartments, coops, condominiums and houses is tight, and there is no sign that the housing boom is about to bust. Meanwhile, the worsening shelter squeeze is changing the way America lives-for the worse...
...average selling price of a Manhattan co-op has jumped to more than $30,000 a room, from $18,000 a year ago and $11,000 in 1974. In Chicago, the typical condominium price per room is $46,000, vs. $30,000 last year. Demand is strong: all 280 condos in one town-house complex in Los Angeles' Century Hills sold out even before construction began. Prices: $230,000 to $400,000 per apartment...
House prices historically have proved remarkably resistant to economic downturns. Today the supply of homes is limited, and the demand from buyers is likely to remain strong and even grow as more and more baby-boom couples rush to jump aboard the real estate express. The prospect is for prices to continue rising faster than salaries. This will lead to a steady increase in debt, which will burden even well-paid two-income families...
...insists too that the "No. 1 priority demand" is to adopt a cost of living escalator for union pensioners. Fraser intends to push for a four-day work week, though he will probably have to battle for a few more days off with pay (auto workers can now take 39.5 of them a year...