Word: flows
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Dates: during 1970-1979
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...elimination of this incentive has seriously cut the flow of historical documents. Yale University Archivist Herman Kahn complains: "People are sitting on their papers in the hope that the law will be changed." Except for those donated in a spirit of patriotism or altruism, it seems, many historical documents will remain stuffed in former officials' attics and scrapbooks until those papers can again earn a tax deduction-or until a new law declares that papers produced by officials serving the public belong to the public...
Under Shah Mohammad Reza Pahlavi, Iranians have been working furiously to expand and diversify their economy. Thanks to the quickened flow of oil money, the government has announced that its $16 billion budget for next year-the largest ever-would be balanced. Rumors that a 20% raise for civil servants might be in the budget, though, swiftly sent retail prices up 10%. The government promptly ordered out "anti-price-hike squads" to warn shopkeepers against inflationary gouging...
...pressure in any medium. That burden was only partially eased by the White House decision to hold three briefing sessions starting on Friday, Dec. 7, about 24 hours before the official release of the information. Presidential advisers, using charts and pointers to explain Nixon's labyrinth in cash flow and purchases, unloaded enough figures to gag a roomful of accountants. Editors for the most part followed suit, publishing an overwhelming array of disparate stories and arcane tables. The Milwaukee Journal and Miami Herald, for example, presented a kaleidoscope of summaries, texts, wire-service rundowns and assorted sidebars...
...crisis for which they can imagine no short-term solution. A lifting of the Arab oil embargo would no doubt produce an explosive rally, but investment men are already predicting that it would not last; everyone knows only too well that the unpredictable Arabs can always turn off the flow again. Analysts who can usually produce a string of "buy" recommendations every day are throwing up their hands; they complain that they simply cannot forecast 1974 or 1975 earnings of major companies. About the only stocks they can recommend are those of a handful of firms that stand to benefit...
...European corporations. But in the long run, the steps that will have the greatest impact are those designed to put Arab money to work in the Arab world itself. One proposal by the Economic Council would create new investment laws to make it easier for oil money to flow into the war-torn economies of Egypt and Syria, as well as those poor countries, such as Yemen, that a State Department official describes as the "economic basket cases" of the Arab world. Among the beneficiaries would be Western companies, which would get a crack at contracts for steel mills...