Word: highers
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Dates: during 1970-1979
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...women were guarded by chador-clad girls clutching automatic rifles. Early in the week the captors released a taped message from one of the Marine prisoners, Kevin Hermening, complaining that he didn't like "being a pawn used in a game" and urging the President to place a higher priority on the lives of the hostages than on the Shah...
Troubles in Iran threaten higher energy prices and slower growth...
...which is still hurting from the two-month loss of Iranian crude earlier this year, almost any new interruption in supply, no matter how modest or brief, will lead to tighter markets and higher prices. In their present jittery state, Americans are ready to start topping off gas tanks for almost any reason. Not only does the memory of a summer spent in gas lines remain fresh and infuriating, but so does the specter of the 1973 Arab embargo, which ushered in the age of energy upset...
...food imports from the U.S., having bought 816,000 metric tons of American wheat in the past fiscal year. In September the Khomeini government signed a contract to double wheat purchases from Australia, to 520,000 metric tons over the next six months. The price is about $20 higher than America's $185 a ton. Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran. The country has also been going to Thailand for about 15% of its imported rice, and the Thais have plenty more where that came from. Were...
Cambridge bookmaker "Scumbelly" Capelli, smoking a Ralph Cahaly White Owl cigar, thinks the spread may be forced even higher. "We've been getting a lot of action on the Yale side of the fence here, but nothing for Harvard," he said...