Word: market
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Dates: during 1970-1979
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...Iran's oil. This was interpreted to mean that the National Iranian Oil Corp. would cancel deliveries to Israel, which now depends on Tehran for more than 40% of its petroleum needs, and to South Africa, which imports 90% of its oil from Iran. Even if the oil market could be so neatly manipulated, neither country would immediately suffer from the threat. Both have huge oil stockpiles, and Israel has a U.S. guarantee of supply in case Iranian...
...million last year, and expects a similar shortfall this year. Yale's 1978 deficit was $2 million. Dallas' Southern Methodist University is wrestling with a cumulative deficit of $6 million. "We're caught between the goddam rate of inflation and the miserable performance of the stock market," says University of Chicago Provost Gale Johnson. "Our costs go up, and our endowment goes down. It's a vicious crossfire...
...Mercy College has rented space for adult education in a busy Yonkers shopping center; Mercy also has a branch 1,300 miles away in Miami's "Little Havana," where bilingual courses are taught. Says a school spokesman: "We build approaches to possible courses as one would market a product...
...Station. A venture capital fund managed by the trustees at Iowa's Grinnell College purchased Dayton's WLWD-TV-2 for $12.9 million in 1976; today the station's estimated market value is $35 million...
...demand for foreknowledge of practically everything supports a professional industry whose size is barely hinted at by the hovering legions of astrologers, fortune tellers, palmists, mystics, clairvoyants, tarot cardists and stock-market analysts. In fact, the craze for foretelling (and being foretold) runs so deep that it has incurably infected the one profession whose redeeming mission is actually to discover what happened yesterday: journalism. Even though this obligation regularly taxes its competence, journalism today spends a surprising amount of its energy transmitting what it cannot possibly know for sure. Not only tabloids like the National Enquirer but sober organs like...