Word: imported
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Despite last week's reprieve, the long-term outlook on prices is grim, largely because of the increasing dependence of the industrialized Western nations on OPEC oil. In 1973, for example, about 38% of the U.S. oil demand was being met by crude imported from foreign countries, most of it coming from Canada and Venezuela. This year, however, the U.S. will be forced to import 40% or more of its oil, most of it from OPEC member countries. By next year the economies of the U.S. and Europe should be getting into full stride, and oil demand cannot help...
...Without a doubt, French, a Canadian import, is the Once and Future King of flashy offensive players...
...final decision had been left entirely to Attorney General Edward Levi. "I did not know anything about this," Ford told an aroused Senator Edward Brooke of Massachusetts, the Senate's only black. Brooke accepted the President's word, but he marveled that a policy decision of such import could be made without specific presidential knowledge...
Moreover, the general import figures disguise some troubles now developing. A growing number of companies-those producing such goods as chemicals, appliances and textiles, which are almost identical to those of their foreign competitors-are being hurt by the rising cost of their exports. Grundig AG, a consumer electronics maker already fighting cheap Japanese products, reports a drastic drop in sales to Britain and Italy. BASF, the giant chemicals producer, is paring prices and profit margins to hold its international markets...
President Bok's choice last week of Joyce, Boston facilities manager for Honeywell Inc., as director of Buildings and Grounds shows Harvard's desire to import professional management to run the University more efficiently and less expensively...