Word: forme
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Dates: during 1970-1979
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Countless thousands of foreign investors expressed their lack of confidence in Carter in more concrete form by dumping dollars and buying gold. In short, they were voting with their money. "We were waiting for an energy program, and the exchange rate reflects the absence of one," commented Leonida Guadenzi, vice president of the Milan Exchange, where the dollar fell sharply against the Italian lira. Added one Milan trader: "When Carter speaks, the dollar plummets...
...days, Desai's support in the ruling Janata Party, the five-group coalition that routed Indira Gandhi in national elections 28 months ago, had all but evaporated. Last week Desai, 83, was forced to resign, and Indian President N. Sanjiva Reddy asked Chavan to try to form a new government...
Chavan's chances of forming a coalition government seem slim; his own base of support, a branch of the divided Congress Party, holds only 77 seats in the 542-member Lok Sabha (lower house). Since no party wants a mid-term general election, the best bet at week's end was that Charan Singh, 76, the powerful leader of the new breakaway Janata (secular) Party, would be the next in line to form a government if Chavan did not succeed. If all else fails, the country could be forced to accept a weak and interim nonpartisan "national government...
...much energy would be expended just to build the plants, roads, railroads, machines and tools needed to create the synfuels industry-and how much time would pass before the U.S. realized a net energy gain. Simply building the necessary infrastructure will chew up years. Yet the payoff in the form of oil and gas could be so enormous that the U.S. might, some decades hence, become again an exporter of energy. The U.S. has an enormous potential lode of synthetic fuel, and the growing consensus among business and political leaders is that this is the right time to test...
...prices climb and lines form at the pump, more and more harried motorists are taking the plunge. Not off the nearest cliff-but into their own new swimming pools. One of the byproducts of the petro woes is that sales of backyard pools are expected to top 115,000 this year, up 20% from...