Word: globally
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Dates: during 1970-1979
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...Global Glut. But the swap raises significant problems for the American companies. The oil would go not to the defense contractors but to a refiner for processing and sale. The refiner must be willing to 1) accept the crude, and 2) set a firm price for it with the U.S. aircraft manufacturers. Finding such a customer will be difficult; there is a global glut of oil, and even tiny fluctuations in price can cut sharply into refinery profits. But the task is not impossible. Several independent oil companies that have lost access to Canadian oil since Canada cut exports...
...Ambrose Bierce, The Devil's Dictionary In a characteristically dire report, the Central Intelligence Agency has just warned of potential global upheavals "almost beyond comprehension." The cause of the chaos: climatic change that will trigger massive crop failures, drought and widespread famine (see ENVIRONMENT). In contrast to this augury of doom, Herman Kahn, ebullient director of the foresighted Hudson Institute, has just looked at the future and found it good. His new book, The Next 200 Years, offers a plausible scenario of declining population growth, rising levels of affluence and, given the right so cio-economic conditions, "virtually eternal...
...paper but little of substance. UNCTAD IV, which will meet for three weeks, had better achieve something more. At issue is the Third World's increasingly clamorous and potentially disruptive demand for a "new international economic order" that would give less developed countries (LDCs) a bigger share of global wealth...
Most developing nations dream of striking it rich and becoming a global power almost overnight. Can it be done? Iran would seem to have a chance if any nation does. Using its vast oil revenues, the country is well into a bold $70 billion, six and a half year development program. New industries, notably steel, autos and synthetic fibers, helped Iran to boost gross national product to a record $54 billion last year (from $26 billion in 1973) and raise per capita income to a healthy $1,570 (from $806); just about any adult in the population of 36 million...
...most manufacturers, and more than 16,000 skilled watchmakers, or 21% of the industry's labor force, have lost their jobs in the past 18 months. More than two-thirds of those still employed are working less than a full day. Sales have been hurt by the global recession and the astronomical rise of the Swiss franc on world money markets, which has added 70% to the dollar price of a Swiss watch since 1971. But the most ominous development has been a marketing blunder: Swiss watchmakers failed to appreciate the sales potential of electronic digital watches...