Word: ende
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Dates: during 1970-1979
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Financial problems also loom, especially for the developing nations. They have already run up some $220 billion in debts since oil prices began climbing almost six years ago, and the latest rises could add some $6 billion more to the burden by year's end. Fears are growing of defaults that would shake the private Western banks that have done much of the lending. Turkey, Sudan, Bolivia, Zaire, Zambia, Jamaica and other countries are in trouble...
...energy that it can possibly get from within its own borders, and a NASA-or Manhattan Project-type effort would signal to OPEC's price gougers that their days of unrestricted domination and tyranny over the world's biggest single market for oil are coming to an end...
...atomic bomb, and the Government-funded, $2 billion Manhattan Project unlocked the secrets of nuclear fission. In 1961 President John Kennedy, stung by Sputnik and later by Soviet Cosmonaut Yuri Gagarin's orbiting the earth, decreed that the U.S. should put a man on the moon by the end of the decade. A synergistic exchange of technology among Government, science and industry had Neil Armstrong and Edwin Aldrin walking on the moon five months ahead of the deadline...
...only 14% of its needs, an amount small enough to come from stockpiles in friendly Liberia, India and Brazil. Synthetic rubber was being produced ahead of schedule at an annual rate of 836,000 tons, more than 25% above the peak prewar imports of rubber. By war's end the Government had built and owned 51 synthetic-rubber plants at a cost of $700 million. These plants were later sold to private industry, and synthetic products now account for over 75% of U.S. rubber consumption...
Only last year, under intense Government pressure, did the company end production of the 500 and agree to an order from the National Highway Traffic Safety Administration (NHTSA) to recall and replace all the tires on the road with newer 721-model radials. In May 1978, the House Subcommittee on Oversight and Investigations determined that the failure of the tires had been the major cause or the chief contributing factor in a large number of accidents. To date those accidents have involved at least 41 deaths, about 60 injuries and hundreds of incidents of property damage. Over the six-year...