Word: majority
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Dates: during 1970-1979
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...Indonesia have launched crash development programs to provide for their large, poverty-blighted populations. From an initial surplus of $60 billion in 1974, which the cartel simply could not spend fast enough, OPEC'S ledgers have returned to close to balance for nearly all members. But there are major exceptions. Saudi Arabia, Kuwait and the smaller Persian Gulf sheikdoms still have large surpluses...
...Europe most governments still collect more in taxes on petroleum imports than OPEC does when it exports the crude. Eventually, everyone stands to lose. The world's poorest countries have borrowed so much to pay for oil that their accumulated indebtedness has risen to more than $210 billion. Such major U.S. lenders as Citicorp and Chase Manhattan have huge loans out to India, Pakistan, Turkey and many other countries. Fears are rising that sooner or later some borrowers will not be able to afford even their interest payments. The threat is not simply of defaults leading to instability...
...Hill demonstrated in his similar and wonderful The World of Henry Orient (1964), he understands smart young people and knows how to cast them. Lane, a pretty refugee from Broadway's Runaways, is a completely unmannered actress who cuts to the guts of every scene; she is a major find. Though Bernard has too many punch lines and must speak in a second language, he rises to Lane's level by the end. The adults are just as good. Arthur Hill plays the same understanding stepfather he did in The Champ, but here he has the chance...
...this growth and change, reports TIME Correspondent Mary Cronin, is symptomatic of a major development in U.S. television: cable is at last taking off. After several false starts, it is poised for the rapid, nationwide expansion that regular television achieved three decades ago. As Russell Karp, president and chief operating officer of Teleprompter Inc., the biggest cable-system operator, told Cronin: "We are at the point now that network...
Cable operators do face some serious obstacles to further growth. The cost of wiring major cities, where cables cannot be strung from poles but must be run underground, is extremely high (as much as $100,000 a mile). Partly for that reason, Chicago does not yet have a cable system and Manhattan is the only one of New York City's five boroughs where viewers can watch cable...