Word: demands
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Dates: during 1970-1979
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...policy, particularly in the coordination of monetary and fiscal measures, there is little that any President can do to stem the rising costs of food and fuel, the sectors pushing up costs and creating permanent inflationary pressure. These commodities are in short supply, and a growing, developing world will demand more and more of them. Unless the price rises high enough to summon forth significant new sources of supply--which in the case of oil seems to be happening--or to decrease consumption--which, in the case of oil, is not--the price will not stabilize. Considering that motive power...
...equally strong case can be made that the 1980s will be a golden decade. The fact that the U.S. has slipped behind means that it has a tremendous backlog of demand for capital projects, a huge amount of unmet needs for the investment that creates real wealth. If the nation now chooses policies that will unleash that investment, there will be a capital burst that can lift the U.S. to new peaks of material prosperity and geopolitical strength...
Some of the demand comes from Europeans, who find the Rockies cheaper than the Alps, but condo buyers are mainly affluent U.S. skiers. A big reason for Aspen's inflation is its restrictive zoning and new growth-management plan, which encourage low-income housing and limit the pace of luxury construction. Says Hans Cantrup, a developer: "The building quota has already been used up for the next three years." Canny Cantrup has growth-management approval for his plans to put up 30 town houses. Price: $1 million each...
Prices will not stabilize until demand catches up with supply, and that could take months and even years if the Administration does not act effectively to make the fuel more attractive. In the long term, nothing is more important than enacting legislation to curb the regulatory rampages of the EPA, which in most cases is answerable to nobody. Right now, the most effective step the President can take is to free the price of domestic crude oil. As it floats up to world levels, bargain-basement coal will look more and more like the attractive alternative the White House keeps...
...minority on the nuclear power issue is turning into the majority," Thomas Jacobson, a Clamshell official said. Anti-nuclear groups plan a variety of demonstrations throughout the week, including a noon rally at the Prudential Center to demand a nuclear moratorium, a State House march following the rally, and a talk given by California Gov. Edmund G. Brown in New Hampshire today...