Word: jolt
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...quake does strike soon, it will cause far more damage than its 19th century predecessor. A new study by the Midwest Research Institute in Kansas City estimates that a nighttime New Madrid-sized jolt during the next ten years could kill nearly 300 people, injure 27,000 others and cause damage totaling $3.2 billion. The survey also found little concern for building earthquake-resistant structures in the region and noted that only Memphis had any quake-preparedness plans. Explains Jimmy Cravens, the mayor of New Madrid (pop. 3,029): "All of us who grew up around here have felt earthquakes...
...Northern states are already gloomily pondering similar tradeoffs. Just about now, the owners of the 16 million houses, apartments and mobile homes-more than one-fifth of the U.S.'s housing-that use oil heat are getting their first big fuel deliveries. They are discovering with a dismaying jolt that the great '79 fuel crunch has moved from the gas station to the furnace room. Since January the average price of heating oil has jumped from less than 56? per gal. to more than 80?, an increase well in excess of 40%. The country's total heating...
When that schedule bites the dust, maybe NBC's beleaguered Fred Silverman will at last rise from defeat and give network programming the jolt it so desperately needs...
...most anticipated recession in history has arrived earlier and with a more forceful jolt than expected. Instead of the gradual slide that economists were predicting would begin in midsummer or early fall, the second-quarter gross national product fell at a substantial annual rate of 3.3%. Most forecasters had anticipated that the downturn at worst would bring a decline of 2% or so. In a confidential revised forecast last week, some top governmental economists conceded that the slump will be worse than anticipated this year and will be followed by an "anemic" recovery...
...even these losses would pale beside a far less publicized jolt that the insurance group is suffering. It involves the labyrinthine world of computer leasing, a honey-tongued Texas hustler, the big gest and most prestigious U.S. banks and IBM. As a result of many forces, the Lloyd's insurance group faces the biggest loss in its 291-year history - up to $225 million, vs. the present record of $100 million paid to cover damages from Hurricane Betsy...