Word: enoughs
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Dates: during 1970-1979
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British authorities seemed willing enough to overlook Washington's apparent transgression of their monetary sovereignty this time around, and Swiss officials left no doubt that they too would cooperate with the U.S. freeze. While stressing that all banks in Switzerland are subject to Swiss law, Swiss National Bank President Fritz Leutwiler declared that Switzerland would not tell its local U.S. banks what to do, implying that if Iran wanted its money, its lawyers could take the matter to court. Said he with a wink: "If American banks in Switzerland holding Iranian dollar accounts follow instructions from headquarters and apply...
...more weight to the growing OPEC feeling that it is smarter to cut production and leave the oil in the ground where it is safe than to turn it into dollars or other paper assets that can be seized. Confidence in the international monetary system was shaky enough before last week's action. Since 1973, the nearly tenfold increase in oil prices has sent an estimated $150 billion cascading into OPEC's coffers. The resulting deficits of the oil-dependent nations have soared, forcing countries to borrow heavily just to pay for their oil imports...
...Indians say they cannot afford trap nets. They would require an initial investment of $20,000, about 20 times the cost of using a gill net. In the Chippewa view, the dispute is plain enough: it is between poor Indians who fish for a living and rich whites who fish for fun. Says Chippewa Elmer LeBlanc: "Our forefathers gave us the right to hunt and fish. I want it to be a livelihood...
Shouting against the windfall profits tax, oilmen tirelessly contend that higher earnings will motivate them to search harder for oil and gas. Sure enough, as oil profits have marched up this year, so has domestic exploration. Steel drilling rigs, eight and ten stories high, are rising at muddy, cluttered sites from the Rocky Mountain foothills to Louisiana's Cajun country. Although domestic production is not expected to rise in years ahead, the new activity will keep it higher than it otherwise might have been. And there is always the possibility, however slight, that oilmen may get lucky and strike...
...staying ahead, periodically changing styles to shorten hems or narrow lapels. But Detroit's automakers are sinking knee-deep into red ink, as energy-conscious buyers increasingly switch their taste in cars to lighter, fuel-efficient models. Surprised by the speed of that change, manufacturers cannot turn out enough small autos to satisfy public demand, while outmoded big cars gather dust in dealer back lots. As a result, in the first ten days of November, Big Three sales plummeted 26% from last year's levels...