Word: impacting
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Dates: during 1970-1979
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...acceded to the proposal by relief agencies to establish a "land bridge" from Thailand, over which thousands of tons of rice and other goods could be trucked in. But aid officials now sense a willingness to cooperate among Cambodian officials. It remains to be seen what will be the impact of the new attitude. Some 180,000 Vietnamese troops are preparing a final offensive against Pol Pot's surviving forces. Their attack could drive hundreds of thousands more into refugee camps in Thailand, where so many Cambodians have already sought to escape the tragedy of their homeland...
...fact, the rising stakes in the Iranian mess are almost certain to put alarming new stresses on both the U.S. economy and the world financial system. Asserts Economist Otto Eckstein, president of Data Resources Inc.: "The direct impact of the U.S.'s actions is obviously small. But the unfortunate experience of the past few years has been that every political problem involving an energy-producing nation ultimately converts itself into a further upset in the oil market and a further upset in prices...
...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...
Nonetheless, opponents are willing to permit small test projects of the new energy so that the impact of unknown technologies can be fully measured. Says Terry Thoem, a director of the Denver EPA: "We have been studying shale for years, and now we would like to see some further development on a limited scale to get further data on a shale industry's impact-on water tables, on soil, on just about everything...
Money to buy condos or co-ops is becoming costlier and harder to find, of course, but the impact of the squeeze has so far been modest. In Chicago, the Baird & Warner real estate firm reckons that October condo sales were 6% ahead of the same month last year, but prices have eased from an average of $93,000 in 1978 to about $85,000 today. In New York City, both demand and prices remain high, and luxury four-room apartments are selling for an average of $ 160,000, vs. $ 100,000 a year...