Word: fueled
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Dates: during 1970-1979
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...galloping epidemic of inflation jitters has spread through the economy in recent weeks. Public fears of runaway prices have been stirred by the recent leap in fuel, food and other living costs caused by the winter's bitter cold and crop-killing drought in the West. Businessmen and investors also worry about the back-to-back budget deficits (totaling $125 billion this year and in fiscal 1978) that President Carter has estimated as one result of his program to stimulate the economy. Irwin L. Kellner, vice president of Manufacturers Hanover Trust, fears a return to consistent double-digit inflation...
...valid are the new jitters? Certainly, recent statistics have not been cheering. Led by climbing food and fuel costs, the January Consumer Price Index rose at an annual rate of 10%, the biggest monthly jump in a year and a half. No one expects that hectic pace to continue through the spring, but energy costs are certain to go on rising this year. Moreover, prices of a number of commodities-cocoa, cotton and most notably coffee-are climbing...
Weiger also enlivened Midas' sleepy travel-trailer business, which the company acquired in 1965. The fuel crisis that followed the 1973 Arab oil embargo dealt recreational-vehicle sales a heavy blow, but Weiger took advantage of the downturn to mass-purchase chassis and their components. When the shortage passed, Weiger opened a 130,000-sq.-ft. manufacturing and assembly operation in Elkhart, Ind. He promoted the star of Midas' 30-model trailer, camper and motor-home lineup: the Midas mini-motor home, known as a Chopped Van. Midas buys the cab and chassis of a GM, Ford...
...Americans flying over the deserts of the Middle East, it is a doleful sight: mile after mile of flaring wellhead fires burning off natural gas, a fuel that has become painfully scarce in many parts of the U.S. Equally bounteous reserves of gas exist in many other parts of the world, from Soviet Siberia to the marshy fields of Holland-and several of the nations with the biggest reserves must export gas if they are to tap the potential wealth, because their populations are too small to use all they have (see chart). Yet apart from a trickle of imports...
Meyer said he supported increased funding for the construction of "light-water" nuclear reactors and for the development of an efficient breeder reactor. Breeder reactors consume uranium and produce plutonium, which can then fuel other nuclear reactors...