Word: ende
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Some day soon, before the century is gone, the first week of June 1979 will go down in history as the beginning of the end of Communism throughout the world. I believe that the mortal blow has been struck by the visit to Poland of this true man of freedom, John Paul II [June...
...declining production), but it unofficially estimated last week that national output of goods and services dropped at an annual rate of 2.4% from April through June. OPEC's oil boosts make this downturn immeasurably harder to reverse; they will drain perhaps $30 billion out of Americans' pockets by the end of 1980. Unemployment has been holding steady at just under 6% so far this year, but is sure to rise?perhaps to 7.5% or 8% next year, according to Heller...
...less than nations want to buy in order to keep their factories humming. The shortage has set off a scramble that permits OPEC to charge almost any price its members wish; some U.S. officials fear that the cartel will ram through yet another 15% increase by year's end. The only way to head it off, say government leaders around the world (including OPEC leaders), is for the oil-importing nations to cut their consumption by 2 million bbl. a day. That would bring supply and demand into balance and perhaps stop the wild rise in prices...
...end, the leaders agreed because they knew that in the face of the OPEC threat they could not afford to leave Tokyo without some sort of accord. But the import limits are the kind of solution that is only to be described as better than nothing. They will be difficult to enforce, and OPEC can, if it chooses, foil them by cutting production again. At best, the limitations will hold a bad situation steady while the world goes through a painful period of inflation, slowdown or recession, conservation and conversion to alternate fuels...
...alike, the oil-importing nations are still struggling to recover from the recession that followed OPEC's huge price rises of 1973 and 1974. The latest assault, which is expected to send an incredible $182 billion cascading into the cartel's overflowing coffers by year's end, is almost guaranteed to plunge even the strongest economies into an oil-greased slide all over again...