Word: fractionalized
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Dates: during 1970-1979
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...dollars for oil, Iran needs the U.S. currency to pay for imports of everything from Australian wheat to Japanese machinery, which are all priced in dollars in international trading. Iran's oil exports, which have been declining in recent weeks, amount to about $70 million daily, only a fraction of the more than $150 billion that normally changes hands every day in international dollar transactions...
...outer space even though the payoff is doubtful at best. He calls for a ban on new nuclear power plants and would give much more of a subsidy to solar power, though almost every study shows that over the next two decades solar can supply only a small fraction of the nation's energy needs, while nuclear power remains necessary. Most economists say that his call for a constitutional amendment to force a balanced budget would gravely crimp the Government's ability to function...
...crushed the autonomous Ukrainian Orthodox Church and in 1946 expunged Eastern-rite Roman Catholicism in favor of the more easily controlled Russian Orthodox Church. Even so, the Ukraine by official count still has 4,000 of the 11,000 Orthodox churches now open in the U.S.S.R.-only a fraction of the 53,000 churches in Russia before 1917. Protestant Ukrainians have been active since the early 1960s in a Baptist reform movement against state control. Half the reported 10,000 Soviet Protestants demanding emigration because of religious repression live in the Ukraine...
...could exchange Iranian crude with other companies that have equal amounts of non-Iranian petroleum. Nor in theory should the freezing of Iranian bank assets prove especially disruptive to money markets or the banking system. The Tehran government's estimated $6 billion in petrodollar holdings is only a fraction of the more than $150 billion that big international banks move back and forth among each other every day. Withdrawing the Iranian funds would, by itself, hardly cause much more than a momentary ripple...
...other agencies. Phnom-Penh officials were obviously more concerned about preventing food from falling into the hands of the Khmer Rouge insurgents than they were with saving hundreds of thousands of Cambodians from starvation and death. Condemning the obstructionist tactics that have thus far limited relief supplies to a fraction of the need, Danforth observed: "If a government is determined to murder its own people, I don't know how to stop...