Word: higher
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Dates: during 1970-1979
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...Antonio was rudely awakened from what city officials referred to as a "cheap energy drunk." Curtailments of gas forced the city to adopt emergency conservation measures, including converting the city's electrical power generators to higher-cost fuel oil and reducing street lighting. For the past five years, an average of 156 people a day have telephoned or visited the city utility offices asking for some kind of relief or further credit or, at least, that their gas not be shut...
...those in Austin, San Antonio and a number of small towns near Crystal City, refused to pay the increases to the producer and went to court to seek reductions. The utility companies continued to charge their customers the full rate, but they put the difference between the lower and higher rates in escrow accounts until the courts ruled on the matter...
When Crystal City refused to pay the higher rates, Lo-Vaca terminated its contract and filed suit for payment. During the 30 months that the case was being decided, the town continued to get gas without paying for it. Last June the court ordered it to pay up. Insisted Lo-Vaca Attorney Joseph Jaworski (son of Leon, of Watergate and now Koreagate fame): "It's time to stop this legal circus. Other customers of Lo-Vaca want to know why they should have to pay full price for gas and Crystal City doesn...
...word arbitrage is old French, and in that language means "arbitration." In financial English, it has traditionally described trading on price variations on the same commodity in different markets -buying cotton in New York, say, and selling it in Hong Kong, where the price might be a trifle higher. That is still done, but the profits are tiny...
...discovery of the disease at an American Legion convention in Philadelphia in the summer of 1976, when 181 people were hospitalized and 29 died. Only the prompt decision of the Vermont doctors-made before they had the results from Atlanta-to administer erythromycin kept the toll from climbing higher; the antibiotic is the only one known so far to be effective against Legionnaires' disease...