Word: lesses
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Dates: during 1970-1979
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...earth who will fail to suffer from these extraordinary increases," proclaimed Jimmy Carter, with only mild hyperbole. He and the leaders of Britain, Canada, France, Italy, Japan and West Germany issued a communiqué spelling out why: "Unwarranted rises in oil prices mean more worldwide inflation and less [economic] growth. That will lead to more unemployment, more balance of payments difficulty, and [will] endanger stability. We deplore the [OPEC] decision...
...basic situation: the cartel's 13 member nations are now pumping roughly 31 million bbl. of crude out of the ground each day, 2 million bbl. more than last year, but still 2 million bbl. less than nations want to buy in order to keep their factories humming. The shortage has set off a scramble that permits OPEC to charge almost any price its members wish; some U.S. officials fear that the cartel will ram through yet another 15% increase by year's end. The only way to head it off, say government leaders around the world (including OPEC leaders...
...price controls. President Carter has the authority to do that, subject to congressional veto. Decontrol would cause a political storm because prices would immediately rise. Some experts warn that gasoline would soar to $2 a gal., but free market advocates argue that long-term prices would go up much less, by perhaps a few cents or a dime a gal. In any case, three facts are most significant. First, a free market unquestionably would reduce demand by raising the cost. Second, the price would still be lower in the U.S. than in any other industrial nation except Canada. Third...
...caught in a bureaucratic netherworld. Violated in a dozen ways every day, people snap under the strain. Repeatedly raped by pirates during a ten-day crossing of the Gulf of Thailand, one Vietnamese teen-ager spent her first days ashore maniacally screaming. More often the break is less dramatic. Once I sat through a painful conversation in which a well-meaning German explained to a Vietnamese peasant family why it simply would not be able to adjust to life in industrial Frankfurt. Previously rejected by the U.S. and Britain, the dazed father sat in silence for several minutes, then asked...
...audience, Eastwood relies on a small as sortment of steely glances and sardonic smiles. Thanks to his ever craggier face, the gestures pay off better than usual, and so do the occasional throwaway laugh lines. At a time when Hollywood entertainments are more overblown than ever, Eastwood proves that less really can be more...