Word: high
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Even without adding in last week's increases, the average U.S. price of gasoline is scheduled to rise from 69? per gal. now to 84? by the end of 1980 under the Government's control program. In high-cost areas such as New York City and some remote areas of New England the price probably will go to at least 90? and possibly $1. Already, gas, heating oil and other fuels are becoming more expensive...
...February were 15% higher than a year ago. The consumer buying spree, the inflationary rises in the price of energy, the gloomy prospects of higher import costs and pressure on the balance of payments−all these will move Federal Reserve Board to keep credit tight and interest rates high. Thus the nation will need great luck to avoid recession amid inflation...
...particularly true of power from the sun, tides waves and ocean currents, as well as oil from tar sands and shale. These sources stand to meet only a small part of the country's energy needs in the foreseeable future because the technologies are expensive, risks are high and immediate rewards are small. Progress may well require more Government grants, loan guarantees and tax incentives. What is needed to ease the nation's dependence on erratic foreign sources of oil is spending, sacrifice and compromise...
...mark and the yen. As the dollar plunged, these currencies rose along with the value of gold. That is now beginning to change as more investors conclude that ultimately no industrial nation can withstand inflation and energy-related shocks. Says Guy Field, a London gold dealer: "Last year the high price of gold reflected the decline of the dollar on exchange markets. But gold is now moving ahead on its own accord as people insure themselves against the fickleness of all paper currencies...
...years later, the gold is worth more than $16,000, and the other investments have also gained handsomely. Now he plans to increase his investments. At Deak-Perera, the nation's largest retailer of gold coins, Chairman Nicholas Deak reports that some of his recent customers have been high school kids. Says he: "It's a little scary. They just walk in and say they have a little money and they want to buy a Krugerrand...