Word: developed
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Dates: during 1970-1979
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...some of his rivals, especially Diner's Club, but is skeptical about the bank cards that want to add traveler's checks. The business, he says, "may look simple, but it is very, very complex, requiring significant economies of scale and control that take years to develop." Yet many industry analysts believe American Express is facing some tough problems: while there is less and less room for it to grow in the lucrative travel-and-entertainment market that it pioneered, it is confronted by rising competition there and in other fields from many companies, notably Citicorp...
...said there is a possibility problems will develop in the negotiations on the second part of the agreement, "A Framework for Peace in the Middle East" which includes provisions for phased Israeli military withdrawl from the West Bank and Gaza and the subsequent establishment of an autonomous Palestinian entity...
...real nature of Iran's malaise and his role in its creation (see Interview page 43). In other societies run by strong rulers - Lee Kuan Yew's Singapore, Leopold Senghor's Senegal, Tito's Yugoslavia - literate and cultivated populations have succeeded in matching political progress with economic and cultural development. But Iran's unique society, so influenced by its religious structure and rooted for centuries in a different world, simply could not adjust to such radical change. The Shah failed to realize that the dramatic alterations he envisioned for the economic advance of his nation required the development...
Because South Africa has, at the latest count, only 5,000 black university graduates, IBM has been unable to find many qualified applicants for technical jobs. Hence the company last year donated $175,000 and the services of a senior manager to the University of Zululand to develop courses in data processing and systems analysis...
Opponents of the bill, among them Sen. Edward Kennedy '54 (D-Mass.), say the measure will increase natural gas prices without measurably increasing supplies. The bill's supporters contend that deregulation of gas prices will encourage producers to develop new sources of gas and consumers to cut back on usage. The fight over the bill has snagged passage of the administration's energy package...