Word: drains
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Dates: during 1970-1979
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When the department meets to consider appointments, the Gov faculty often divides along methodological, institutional and political lines. "People do have those opinions and tend to prefer to hire people with the same opinions as themselves, but we would very quickly go down the drain if we used similarity of opinion as the main criterion," Mansfield said...
Meanwhile, an exodus of Portuguese is under way, and it is one the country can ill afford: a "gray drain" (as the Portuguese call the brain drain) of highly trained professionals such as managers, engineers, bankers, doctors, lawyers and economists. Most of these middle-class executives and professionals head for Brazil; by the end of this year, about 200,000 Portuguese are expected to migrate to Brazil to escape either the revolution at home or the changed situation in the liberated African territories...
Sharp Dispute. No one doubts that sooner or later prices would rise sharply. How much of a burden that would place on the economy is in sharp dispute. The Council of Economic Advisers figures that the end of price controls would drain away less than $10 billion of buying power by the fourth quarter of 1976; congressional estimates run at about $16 billion. Whatever the amount, it would be nearly equivalent in impact to a tax increase of the same size...
...reduce its dependence on imported petroleum, more than conservation or even development of alternate sources of energy will be needed. The nation must also find new pools of oil at home and drain every possible drop from already known domestic reserves. That has not been happening, and some critics, including former Federal Power Commission Head Lee White and Ralph Nader, charge that the oil industry has had an incentive to drag its feet in order to reduce the supply and force prices still higher. The evidence scarcely supports that accusation: petroleum producers lately have been sinking more holes into American...
...first quarter of 1975, 8,568 wells were drilled, 22% more than during the same quarter in 1974; yet production has shown only a minuscule rise. Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the drain on total proven reserves caused by pumping from old fields (see chart...