Word: lost
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Dates: during 1970-1979
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Little relief is in sight on the supply side. Of the 5.8 million bbl. of Iranian oil lay lost to the world, about 900 000 bbl normally come to the U.S. and provide 5% of its daily demand for 19.4 million bbl. Extra production by Arab countries has cut the oil deficit to 2 million bbl. per day globally and 500,000 bbl in the U.S. Saudi Arabia, for example, which is committed to pumping 8.5 milion bbl. per day, is now producing 9.5 million bbl. But the Saudis are tacking a 9% premium on that extra 1 million...
True enough, the 30 stocks in the Dow Jones industrial average have not performed nearly so well as gold in the 1970s. They have lost close to 8% in value. But that hardly means that gold, which pays no dividends, would have been a better play. It was illegal for Americans to own gold until 1975, and by that time foreign speculators, anticipating an immediate rush into gold, had bid it up to nearly $200 per oz. At that level, investors remained wary, and within a year the metal slumped to about half its value. Meanwhile, the Dow Jones average...
...essay in the dominance of some historical direction. And rightly so: one lesson of the past ten years in American art has been that movements have vanished with the death of the avantgarde. The very idea of collaborative groupings, once an essential part of modernist practice, seems to have lost its strength−at least for the moment. In fact, it takes some effort to remember the days in the '60s when the air was thick with talk about which movement (Op, Pop, post-painterly abstraction, arte povera, conceptualism, photorealism) was the latest incarnation of history. In an eerie...
Asimov's Guide to Science (Basic Books, $17.95 hard-cover). One of the byproducts of scientific advance is the widening chasm between specialists and laymen. Indeed, even those who live in the research laboratory are likely to get lost when they leave their own rooms. This work is a flashlight that can help keep everyone from stumbling around in the dark. The author knows his way around the physical and biological sciences, and he manages to set a pace that will neither intimidate beginners nor cause those with a little knowledge to yawn. Science Authority Asimov...
Like any Harvard-Yale tilt, this contest was a grudge match. The Crimson hadn't lost to the Elis since 1961, but the squad barely survived a 5-4 scare last season at New Haven. The Yalies, tired of "so close but no...," were looking to light the victory cigar this time around. But it was not to be, for the Harvard racquetmen were determined to end what some would call a disappointing season with a satisfying...