Word: high
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Dates: during 1970-1979
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...years, these "sinful" and "pornographic" profits would have been acceptable. Also, small cars would have been in demand sooner, energy conservation materials would not be suddenly scarce, other forms of energy would be more advanced, oil exploration would be up, and oil imports would not have reached the current high levels...
...prices go as far as $35 per bbl., the impact on oil inflation and the world economy would be severe. U.S. consumer prices would continue rising at a dizzying double-digit pace, forcing the Federal Reserve to stick by its anti-inflation policy of sky-high interest rates much longer than expected. The almost inevitable result: a deeper recession than so far forecast. Despite slumping growth, the nation's oil import bill, which is projected to total $61 billion this year, would leap to $96 billion in 1980. That in turn would keep the dollar's value dropping...
...Tehran. One of the largest projects had been the joint venture between California's Fluor Corp. and West Germany's Thyssen to build a $750 million, 200,000 bbl.-a-day oil refinery at Isfahan for the National Iranian Oil Co. The refinery has been a high-priority item for the Iranian government, which fears shortages of kerosene and diesel fuel during the winter. Last week, when the refinery was a month away from partial operation, Fluor called home its 52 remaining American employees, leaving Thyssen to finish the job. The few U.S. businessmen who remain in Iran...
...firm was sold to Aetna Life & Casualty for more than $52 million. His latest major project was Water Tower Place, a 74-story, $195 million showpiece on Chicago's North Michigan Avenue. The complex includes the 20-floor Ritz-Carlton hotel, 150 stores and 40 floors of high-priced condominiums. Klutznick and his wife Ethel occupy one of them near the top floor; he calls it living "over the store." They have four sons and a daughter, and twelve grandchildren...
...public service. Educated at Eton and Sandhurst, he won the Military Cross as an officer in the elite Grenadier Guards during World War II. An active member of the House of Lords since 1938, Carrington held government posts under Winston Churchill and Anthony Eden before being sent as High Commissioner to Australia in 1956. Three years later, he was named to the prestigious post of First Lord of the Admiralty. He served as Secretary of Defense and later was Secretary of Energy in the 1970-74 Tory government headed by Edward Heath. Carrington, who was also chairman of the Conservative...