Word: market
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Dates: during 1970-1979
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...joint three-pronged strategy to 1) cut consumption in order to reduce imports, 2) spur greater effort in developing alternative energy sources, and 3) form a united purchasing front. If forceful joint action can be decided in all three areas, some slack could be reintroduced into the world oil market and some sanity returned to its pricing. In Paris last week, "Sherpas"-the foot-slogging diplomats and economists who have been preparing the climb to the summit for four months-were still poring over a number of possible actions. Among them...
...system of coordinated purchasing policies for the consuming countries. It would be aimed at stopping the free-for-all bidding on the Rotterdam spot oil market. The French have even proposed a system for controlling Rotterdam prices, but some experts believe the market would simply float away to the Bahamas, Singapore or somewhere else. Another difficulty is that in France and some other countries the governments have considerable control over oil purchases, while in the U.S. the oil companies still act as independent agents...
Thursday morning brought the Pope back to Wadowice (pop. 15,000), where he was born and grew up. The village's central plaza was officially renamed Red Army Square, but the townspeople still call it Market Square. The Pope had a quick snack as he chatted with Monsignor Edward Zacher, the aging priest who was the Pope's first religious instructor. He also went to see the font where he was baptized...
...result, Marchais' French Communist Party, about 700,000 strong, is still ostracized in what French politicians call le ghetto, outside the mainstream of national politics. Increasingly it has reverted to more traditional hard-line postures: it has vehemently opposed the Common Market, revived its loyalty to the Soviet and Eastern European parties, and cracked down on dissent within the party itself...
Since UNCTAD last met in Kenya three years ago, several Latin American governments as well as Sri Lanka, India and others have moved toward more reliance on free market economics. A resolution calling for the industrialized nations to cancel or suspend debts of the LDCs was quietly suppressed by some of the capitalistic advanced-developing countries. Although the U.S. had already written off $500 million in debts owed by 15 of the poorest nations, ADCs like South Korea, Singapore and Brazil have feared that any further write-off would make them appear to be poor credit risks and that international...