Word: higher
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Gasoline prices have more than doubled since 1973, a far steeper climb than that of inflation, and yet consumption continues to surge. Gasoline prices would have to climb much, much higher to make a significant difference; moderately higher prices will help a little bit, but nowhere near enough to make that alone the reason to decontrol...
Coming on top of OPEC's cutbacks, the cartel's price increases have a snowball effect. With supplies tight, retail prices in the U.S. begin edging up to the maximum. Then, when OPEC raises its crude oil charges, the U.S. Government allows the price controlled ceiling itself to creep higher. As the demand for gasoline mounts, the retail price
...moves to the new, higher ceiling. In the last six months alone, the average U.S. price of gasoline has risen from 67¢ to 77¢ at the pump...
...Internal Revenue Service from profits earned in other countries, where the rate is lower than 46%. Income taxes in some OPEC states not only are much higher than 46% but are sometimes based on the price of the oil. That gives the companies large credits that they can use to "shield" profits from, say, refineries in Caribbean tax havens where there are low or even no taxes at all. Complains Washington Attorney Jack Blum, for eleven years a staff member of the Senate Antitrust and Monopoly Subcommittee and the Foreign Relations Committee, and now a frequent critic...
Judson wisely avoids such hyperbole. Even a generation after molecular biology's birth, its midwives are usually experimenting with nothing higher on the evolutionary ladder than the intestinal bacterium Escherichia coli. Judson's characters are not primarily interested in great practical payoffs but in a grand intellectual quest: solving puzzles, under standing nature rather than dominating it. The game is science for science's sake...