Word: long
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Dates: during 1970-1979
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...long Americans have blithely assumed that rivers of cheap energy would flow through that economy like a magic elixir in endless abundance. But as 1979 has vividly demonstrated, the nation takes extreme risks if it does not curb its addiction to demon crude...
...long term, it is vital to move forward rapidly to develop every alternative energy source, from coal and shale to wind, waves and the sun. Meanwhile, conservation of existing supplies is indispensable, and politicians would do well to face the issue. Concludes Milton Lipton, president of the leading petroleum advisory firm of Walter J. Levy Consultants: "Despite the inevitable inequities of either steep taxes or rationing, there comes a time when you have to say, 'Damn the torpedoes and full speed ahead.' I cannot think of a better time to ask the American people to accept either...
Though some of its oil competitors criticized Getty for giving in too easily, President Sidney Petersen signed the consent decree at least partly to avoid long litigation and a public relations black eye. Still hanging over the company are more DOE claims of at least $160 million for other alleged instances of overpricing oil and natural gas. This time Getty appears ready to go to court because executives are convinced they can prove to a judge that DOE is engaged in retroactive rule making...
Like many other inner-city school systems, Chicago's has long lived with deficits caused by expensive "special education" programs, as well as soaring payroll and energy costs and time lags in getting reimbursements from state and federal governments (such government payments make up 60% of Chicago's $1.4 billion annual budget). Chicago's schools began to lose their delicate financial balance after plans unexpectedly fell through last month to borrow $124.6 million by selling financial notes to banks and other investors. Analysts at Moody's Investors Service, which rates the quality of investments like...
...toward a payless payday for 50,000 employees. But at the last moment temporary help came-from Illinois Governor James Thompson and Mayor Byrne. The rescue package calls for $200 million in loans, guaranteed by the city, to give Chicago's board time to come up with a long-term solution to the school system's financial woes-which will almost certainly require tax increases. In effect, Mayor Byrne explained, the school board was in receivership and the city was the credit holder...