Word: fasted
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Dates: during 1970-1979
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Some cartel members, of course, really do need the money. States like Venezuela and Indonesia have launched crash development programs to provide for their large, poverty-blighted populations. From an initial surplus of $60 billion in 1974, which the cartel simply could not spend fast enough, OPEC'S ledgers have returned to close to balance for nearly all members. But there are major exceptions. Saudi Arabia, Kuwait and the smaller Persian Gulf sheikdoms still have large surpluses...
...almost one of three TV households will be on cable by 1981. Says Vice President William Donnelly: "Thirty percent is the magic number that made regular TV a mass medium and that later made color matter to advertisers." After reaching that point, cable would have a potential for further fast expansion. By industry count, TV cables (made of copper wire wrapped in plastic foam and an outer layer of aluminum) have been strung past just about half of all the TV homes in the U.S. Cable operators could multiply their audience overnight at minimum expense if someone in each...
...publishing business. This week Felker will lose another magazine, Esquire (circ. 650,000), which he bought in 1977 with money from British Publisher Vere Harmsworth's Associated Newspapers. Associated is selling most of its interest in Esquire to 13-30 Corp. of Knoxville, Tenn., a small but fast-growing publisher of specialized magazines (New Marriage, Nutshell, Graduate) aimed at readers aged 13 to 30. The firm is half-owned by the Bonnier Group, Sweden's largest publisher. "The backers [Associated] have decided to shift their resources," said a weary Felker last week. "It's all very complicated...
Porter concurred, saying. "We got out pretty strong, but there was a strong tail wind and pretty big rolls so we didn't move away from Navy as fast as we wanted...
Alexander went off the first tee late in the day paired with Henley and Zito in a threesome in which the birdies came fast and furious. Alexander went out in a two-over 37, sweeping through the first seven holes in even par. A rash of three putts undid him coming in. Alexander, who hits a golf ball prodigious lengths, was out-driving Henley and hitting at least two clubs less than Zito on every hole...