Word: lowing
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Dates: during 1970-1979
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...Canada, Japan, West Germany, France, Britain and Italy * To replenish low U.S. stockpiles, in May the Carter Administration announced a "temporary" subsidy of $5 per bbl. for companies that import these products...
Carter worked in his shirtsleeves. His problem was aggravated because the staff had sealed the windows of the Oval Office to combat a second problem: mice scampering over the low window ledges. "How can people say rats are deserting this ship?" quipped one White House...
Stockpiles of these so-called distillate fuels are dangerously low, down some 15% from a year ago, and they will not be replenished quickly because the Administration is urging oil companies to step up their refinery runs of gasoline instead. The $5 subsidy is supposed to help ease the pinch by boosting diesel and heating oil imports from refineries in the Caribbean. Yet Europeans are every bit as dependent on scarce supplies of diesel and heating oil as Americans are, and they too get deliveries from the Caribbean refineries. The Carter Administration claims that the Europeans' panicky...
...Inadequate investment by companies in new plants and modern machinery, partly because of low profits and relatively high business taxes that feed funds to consumers rather than investors. Additional funds are swallowed up by Government-mandated projects. U.S. Steel Corp., which in Youngstown, Ohio, is still using some equipment made 70 years ago, estimates that 30% of its capital investment over the next few years will be spent on pollution-control equipment...
...Ehrlichman's second novel, The Whole Truth, a racy Washington scandal spin-off aimed at reeling in a movie or TV contract, as did his first, The Company. More modestly, Leon Jaworski offers a spare memoir, Confession and Avoidance, his second Watergate book, which seems pitched in too low a key to unlock any box-office riches...