Word: kept
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Dates: during 1970-1979
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...forge a common strategy on the oil problem. Washington Correspondents Johanna McGeary, Gregory H. Wierzynski and George Taber followed President Carter throughout the talks and on an odyssey that included state visits to Japanese and Korean leaders. Hong Kong Correspondent Ross H. Munro and members of the Tokyo bureau kept tabs on the European and Canadian delegations to the summit, who were housed, inconveniently enough, some miles away from the U.S. envoys. "The heavy security was a joke to some correspondents, an annoyance to others," said Tokyo Bureau Chief Ed Reingold. "We were scrutinized by more police at more places...
...cost of crude, not even the delegates seemed to believe it. With world demand exceeding supply, nations appear willing to pay virtually any price. Said one Indonesian delegate: "We're faced with a shortage of oil that seems irreversible. It is hard to believe that prices can be kept down." The former U.S. Ambassador to Saudi Arabia, James Akins, now a private oil-industry consultant, asserts, "The first time that any oil-importing nation offers a price above the ceilings OPEC will sell...
With all these controls, why have prices risen so much faster than expected? One main reason is that market pressures kept prices below the federal ceilings when gas was plentiful. There was price competition among gas stations vying for customers. When supplies diminished, service stations raised the price to the legal maximum limit-an increase that outstripped the OPEC price rise. Beyond that, retailers who sold below the maximum price were allowed to "bank" the difference; now they can legally add that amount to the price they charge for gas. Such are the vagaries of regulation...
...temporary camps in the region: besides the 76,000 in Malaysia, there are 161,000 in Thailand, 32,000 in Indonesia, 58,000 in Hong Kong. Last month Thailand repatriated 42,000 Cambodians at gunpoint, sending them back across the border to danger and possible death. Thousands are forcibly kept on ships in Hong Kong awaiting permission to go ashore. In Hong Kong, picnickers sail with silent embarrassment past the Skyluck, with its 2,664 Vietnamese survivors and its beseeching banners, HAVE MERCY ON US. In a sense these are the lucky ones, because they have not been lost...
...nation had been kept free of invasion for two centuries by the fierce reputation of the samurai swordsmen and by the power of artful invention: strips of canvas were displayed on the seacoast when ships passed near. On the strips were murals of forts, and on the battlements of the painted forts were painted cannons...