Word: geared
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Dates: during 1970-1979
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Like shipowners everywhere, the Soviets will make a special effort to haul high-priced cargo. One exasperated New York shipping executive says: "Look, 20% off a $4,000 box [a container] of electronic gear is obviously a better deal for them than cutting a fifth off a $1,500 box of car parts or wastepaper." Western shipping companies consider these tactics predatory, and West Germany, Belgium, The Netherlands and the United Kingdom delivered official messages of protest to Moscow in the past four months. The British also sent a delegation to haggle rather unsuccessfully on a Russian yacht cruising...
...fast rate means that the money supply -total checking account deposits and cash in circulation-can be permitted to grow slowly yet still keep the economy rolling in high gear. Burns maintains that velocity is high at present and that, at the same time, the money supply is growing too quickly; it was up $1.4 billion in the week ending Oct. 26. Thus the Federal Reserve has been increasing short-term interest rates to slow the increase in the money supply. On the other hand, CEA Chairman Schultze, the Administration's most vocal critic of Burns, holds that velocity...
...collision with automobiles. The major causes of all those accidents are not too surprising: inexperience (37% occur in the first week of skateboard use) and "environmental conditions"-potholes, for instance. As a precaution against major and minor forms of wipeout, the commission is strongly urging the wearing of safety gear, such as helmets, kneepads and athletic shoes. Safe skateboarding, it seems, does not lend itself to hanging...
...Washington, Secretary of State Cyrus Vance announced that the U.S., which has observed the 1963 voluntary arms embargo, will extend that policy to cover all previously exempt police and military equipment, including spare parts and maintenance gear. In addition, said Vance, as evidence of "our national concern" over "the regrettable recent steps" taken by South Africa, the U.S. will withdraw the naval attache from its embassy in Pretoria and recall the commercial officer from its consulate in Johannesburg...
...hole in the ice and went ahead anyway. "I just ate Cream of Wheat beforehand, and took some extra precautions," he relates. The feat caught the eyes of several skin diving magazines, who noted that it was the first time anyone has swum under ice without scuba gear. (Historians now dispute the legend that Houdini pulled the same stunt in 1906. Sommers is obviously not eager to repeat the feat...