Word: higher
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Dates: during 1970-1979
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...paying almost $45 billion a year for imported petroleum; if the oil bill were smaller, the country would not be running a trade deficit of nearly $30 billion a year. There would be fewer dollars for sale on currency exchanges, and the dollar's value would be considerably higher. Unfortunately, making that argument is about as useful as ruminating on how much easier it would be to negotiate with the Soviet Union if it were not ruled by Communists. The fact is that the U.S. is now living in a world of expensive fuel, and doing nothing effective either...
...might appoint a task force to study ways of increasing U.S. exports, and thus shaving the trade deficit, without trusting to a sinking dollar to do the job. Another useful step would be to ditch the provision of Carter's tax "reform" plan that calls in effect for higher levies on export profits...
Prices for many other foods will also rise. Because of tariffs and fees imposed by the Government, a 5-lb. bag of sugar that cost 95? last September now sells for $1.19, and will probably go higher. The myriad products that use the nation's favorite sweetener will inch up with it. Increased costs for transportation, labor and energy have driven cereal products up 6% in recent months. The price of rice has been puffed up by poor crops around the world; a 10-lb. bag that sold for $2.03 wholesale in October now costs more than $3. Torrential...
...reads in part: "We are examining your federal income tax return for the above year(s) and find we need additional information." Translation: these taxpayers' returns for 1977-or perhaps as far back as 1975 -will be audited. Two out of three of those chosen will be assessed higher taxes, raising a total of $1.5 billion in otherwise lost Treasury revenues...
Reines is not alone in his pessimism. Jewish survival is a perennial topic at synagogues and social centers. Proposed remedies include greater commitment to Israel, a higher birth rate, a stricter ban on intermarriage and campaigns against proselytizers from other faiths. But Reines, 52, doubts that any of these will work. The problem, he argues, is that American Jews simply do not accept the teachings of traditional Judaism. And without some religion, Jewry will vanish...