Word: lacks
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Dates: during 1970-1979
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...This lack of understanding can be seen in the decision to pump billions of dollars into the development of synthetic fuels. As Colorado's Democratic Governor Dick Lamm put it: "For us in the West the implications are almost unfathomable. Colorado has 80% of the nation's developable shale, vast amounts of coal and a great deal of uranium. Now we are being subjected to a crash program...
Countless thousands of foreign investors expressed their lack of confidence in Carter in more concrete form by dumping dollars and buying gold. In short, they were voting with their money. "We were waiting for an energy program, and the exchange rate reflects the absence of one," commented Leonida Guadenzi, vice president of the Milan Exchange, where the dollar fell sharply against the Italian lira. Added one Milan trader: "When Carter speaks, the dollar plummets...
Only eight months ago, gold sold at $200 per oz. Last week the price of the mystical metal, which historically rises on uncertainty and lack of faith in paper money, shot up $12.45 in three days and broke the $300-per-oz. barrier. It reached a record $303.85 before settling back slightly at week's end to just below $299. But the decline could well be temporary. Says Hans-Joachim Schreiber, the chief trader of West Germany's Dresdner Bank, which has been the biggest buyer at recent U.S. Treasury gold auctions: "There are no forces working...
...logistics are wretched and communications all but impossible. The Indonesian navy, one of the largest in Asia, has three submarines, eleven frigates and 22 large patrol craft. The air force has 28,000 men but only 32 combat aircraft-some of them out of service because of a lack of spare parts...
...that has produced more than 30 world records, attracted an outstanding field, including such world class milers as Steve Scott, the U.S.'s best, Eamonn Coghlan of Ireland and Walker. Slight of build (5 ft. 9¾ in., 129 Ibs.), Coe is a "tactical" runner who compensates for lack of brute horsepower with shrewd race strategy. His plan this time, he explained later, had been "to stay close to the lead, but never be the lead myself, until...