Word: excessives
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Though he has a personal fortune believed to be well in excess of $250 million, and either directly or indirectly controls nearly 300 companies involved in everything from gems to groceries, Oppenheimer hardly has absolute control over the marketplace in which his companies' goods are sold. His giant Anglo American Corp. of South Africa Ltd. two weeks ago reported 1980 profits of $1.1 billion, up 65% from 1979, but sagging gold prices point to leaner times ahead...
...China travels. The former President was simply recalling how his "Ping Pong diplomacy" with a previous Chinese team nine years ago helped reopen relations between the U.S. and China. The visiting gang of eight presented Nixon with their team banner. He responded with a gift that may result in excess baggage charges on their flight home: autographed copies of the coffee-table tome edited by Daughter Julie Eisenhower and written by former Nixon Speechwriter William Satire. Observed the ex-President of his visitors' abiding interest: "For such a small ball, it packed a lot of diplomatic power...
...Iraq's nuclear reactor outside Baghdad did much to firm up the weakening price of crude. Though sporadic calls for an oil embargo of the U.S. echoed through the Arab world, petroleum prices stayed stagnant on the bellwether spot market, where much of the world's current excess is traded daily. At approximately $32 per bbl., spot market crude is now selling for nearly 20% less than last autumn...
...short answer is that Americans are ambivalent and unpredictable on the subject. No one expects the leader of the world's greatest democracy to live in Neronian excess: so far, no President (except maybe Warren G. Harding) has approached the White House with the attitude of Pope Leo X: "God has given us the papacy. Let us now enjoy it." On the other hand, as Carter proved, modesty of life-style does not automatically capture the nation's heart: James K. Polk brought a Presbyterian rectitude to the White House (he and his wife Sarah banned dancing...
...raising prices. For the past eight months Saudi output has crested at 10.3 million bbl. daily, or about 2 million bbl. more than the desert kingdom produced three years ago. This is a key reason why worldwide petroleum inventories are now bursting with some 2 million bbl. daily in excess crude oil output...