Word: market
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Dates: during 1970-1979
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...most difficult problems the nation faces is the continued high level of costly oil imports. Carter proposed an intricate plan precariously balancing the free market against new government controls to raise prices on gas and oil and encourage increases in domestic production. A major part of his program was defeated in Congress after 18 months of struggle. The failure to lead the crusade he so misguidedly dubbed the "moral equivalent of war" remains both an embarrassment to Carter and a source of potentially severe economic problems...
...Change in the work force. Since the mid-'60s, women and youths born during the postwar baby boom have flooded into the job market. Many lacked the training and experience to become highly productive workers in their first few years. By the CEA's estimate, industry's reliance on them to fill jobs has lowered productivity more than a third of a point per year...
...thing that DOE can do nothing about is the prospect of yet another increase in oil prices. Even a small scarcity in such a valuable commodity can produce large jumps in cost, and that is exactly what is now happening on the so-called spot market. There, oil companies bid for any available crude that is not already committed to customers under long-term contracts. Though the quoted long-term OPEC price currently stands at about $13 per bbl., spot-market oil last week was trading for as much as $17 per bbl. Warns Energy Economist John Lichtblau...
Volvo badly needed the leverage that the Norwegian deal would have provided. Though it is Sweden's largest company (1978 sales: $4.3 billion), its share of the vitally important U.S. and European auto markets is precariously thin, and profits at home have been squeezed by Sweden's high wages and stagnant productivity. With the price of a top-of-the-line Volvo now $16,000 in most markets Gyllenhammar had been counting on his Norwegian connection for the money needed to develop a radically designed lightweight vehicle that would give the company broader market appeal...
...unobtrusive brick warehouse near San Francisco Bay, 75 or more heavyweight property dealers gather together once a month for what they call market day. For hours they huddle and haggle around a group of video monitors set up on the floor of the burgeoning American Real Estate Exchange (AMREX). Across the screens flash capsule descriptions of big-ticket real estate offerings (minimum asking price: $250,000) whose total value on a given day may reach more than a billion dollars. Some of the items on the block at last month's market day an interest in an $80 million...