Word: excessive
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Dates: during 1970-1979
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...week's end the Secretary flew off to his greatest challenge-persuading King Faisal to invest his excess oil dollars in U.S. Treasury securities. Simon expects Arab oil revenues this year to reach about $60 billion, two-thirds of which he anticipates will be kept in the Arab world, leaving about $20 billion free. In Jidda, the former Wall Street securities dealer launched an effort to sell the King on investing $10 billion of his surplus in U.S. Government notes that would pay about the same as Treasury bills. Even if the Saudis accept his proposal, the notes...
...should also monitor the Government's own price behavior. As economists tirelessly point out, Government departments and regulatory agencies, in an effort to please narrow constituencies, often adopt policies that spur rather than slow inflation. For example, the Agriculture Department is now buying up $100 million worth of "excess" beef and pork in a deliberate effort to keep prices paid to farmers and feed-lot operators from dropping. Federal regulatory agencies often set railroad, truck and barge freight rates high enough to protect the most inefficient carriers from competitive damage. A separate federal agency should be empowered specifically...
...some still do), mainly because of the problem-plagued Soyuz, which one expert bluntly described as "primitive as hell." Cramped and crudely engineered, in the opinion of the Americans, it carries too little fuel for its thruster rockets; by contrast, the Apollo's computer-controlled thrusters have an excess of power. A more serious U.S. objection is that the Soyuz is controlled almost entirely from the ground; the cosmonauts have limited means of coping with emergencies on their...
...hogs in the last month have gone from $25 to $38.57 -still below their peaks last August. In response to farm-belt complaints that prices previously had dropped so low as to threaten bankruptcies among some animal raisers and feedlot operators, the Government is buying up $100 million of "excess" beef and pork for use in its school-lunch program, and has asked Australia and New Zealand to "voluntarily" restrain meat exports...
...smokestacks in Delaware, won his seat in Congress in 1970 by campaigning for stricter controls on industrial pollution. A Republican whose victory margins have broken records, "Pete" du Pont has been working hard to link his name with clean politics as well as clean air. He rejects contributions in excess of $100 from anyone, including himself, has voluntarily disclosed his net worth ($2.5 million), and has been an outspoken critic of the Administration on Watergate. His rating from the choosy League of Women Voters: a respectable...