Word: marginals
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Dates: during 1970-1979
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Blacks helped put Jimmy Carter in the White House, casting more than 90% of their votes for him and providing his winning margin in 13 states. But, to their dismay, he has paid far more attention in his first six months as President to foreign policy and balancing the budget than to solving the problems faced by poor people in the ghettos...
...since the '30s has the copper industry endured such deeply depressing times. Largely because of reckless overproduction of the red metal in some strapped Third World countries, notably Chile, Peru, Zambia and Zaire, worldwide supply exceeds demand by the biggest margin ever. Copper prices, which were as high as $1.52 per lb. on the London Metal Exchange in 1974, have collapsed to 56? in London and 65? in the U.S.-well below production costs at some mines. In these circumstances, U.S. firms were not all that upset three weeks ago when 40,000 copper workers seeking higher wages shut...
...surge in energy costs and the 1973-75 recession, the growth rate was 7.2% a year; so far this year demand for electricity is up, to 7% annually in the first quarter. An FPC advisory commission warned that if the growth in demand returned to 7.2%, "the industry reserve margin would fall to zero by 1983, and the risk of power outages would be vastly greater than today...
...since then Con Ed's situation has brightened considerably. The company now operates on a comfortable profit margin, thanks to $678 million in rate increases won in the past 2% years. (Con Ed's electricity rate, now 10.10 per kilowatt-hour, has doubled since 1972 and is 17% above the national average.) More important, the $600 million brought in by sale of the two generating plants eliminated the need to borrow for improvements for some time. The $1 billion or so that the company plans to spend on new plant and equipment over the next three years will...
...third week of the season proved to test the Crimson as to just how far they had come back in a year. In 1976 the Harvard team had lost to Holy Cross by a gridiron margin of 21-4. This year, however, the Crusaders, even with the addition of basketball phenom Ronnie Perry at shortstop, did not find the going as easy. Perry made three errors at short and Holy Cross was held to only a field goal in a 9-3 Harvard win. A day later MIT was derailed for the second time...