Word: grossness
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Dates: during 1970-1979
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Congratulations for explaining the way the Big Oil Game [May 7] is played. It's easy to blame the companies, but it's also a gross injustice. Only when people understand this incredibly complex situation will they realize the energy crisis is for real, and not a plot of the oil companies. The Federal Government is the worst offender in spreading the myth that big oil companies are ripping off the public...
Underlying Taiwan's optimism about the future is the island's burgeoning economic strength. Last year the republic had a 12.8% real growth in gross national product, based largely on a foreign trade of $23.7 billion, greater than that of the mainland. Two-way trade with the U.S. amounted to $7.4 billion, making Taiwan America's eighth largest trading partner. Total foreign investment, mainly from the U.S. and Japan, is $2 billion. Though some of this dates back to the 1950s, about $500 million has been invested so far in 1979 alone. Some American companies, including Ford...
During the recession, TIME'S economists expect, the real gross national product will decline by only 1% or 2% before recovering next spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...arrest and imprisonment of both Mr. Lee and Mr. Paik represent the gross violations of human rights which have become commonplace since the 1972 "Yushin" (revitalization) Constitution promulgated by the Park regime. Lee and Paik are only two of several hundred South Korean citizens who have suffered arrest, imprisonment, and in many cases even torture, for peacefully criticizing the government. Among others jailed are university students, churchmen, journalists, lawyers, poets, and intellectuals...
...shutdown, from Thursday through Sunday, in protest against federal price controls. Though the retail price of gasoline has risen 20% in the past few months, almost all of that has represented a simple pass-along of higher wholesale prices. Dealers have been permitted only two small increases in the gross margin of selling price over buying cost since 1973, and out of that they have to pay more for wages, rent, heat. It is too early to tell how widely the shutdown will be observed, but in some states the impact may be severe. When the Memorial Day weekend comes...