Word: market
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Dates: during 1970-1979
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...cartel's share of the world market has dropped slightly, from 65% in 1973 to 58% now, as a result of increased output from Alaska, Mexico and the North Sea. But it would be foolhardy to expect that OPEC will any time soon lose its ability to control prices. Saudi Arabia alone has more than 25% of all proven world reserves; its daily output of 8.5 million bbl. is indispensable to Western Europe and Japan, and provides more than one-fifth of all U.S. crude imports...
...down from $100,000 in 1975 to as little as $12,000 today. Programming is becoming more diverse and imaginative. Indeed, the stage is set for a classic scrap for top industry positions, as befits a business in which technology, creative talent and entrepreneurial leadership open a new market...
...London, the Midlands, and the South of England, there were dramatic swings to the Conservatives, who wooed prosperous skilled workers and the middle class with promises of tax-cuts and curbs on the power of unions. In the industrial North, where many people fear what 'market economy'-style politics may mean for jobs and social services, the drift to the Conservatives was much more negligible. And in Scotland, where the nationalist challenge collapsed, there was actually a swing to Labour--with Teddy Taylor, the Conservative spokesman on Scotland, losing his seat. The scathing portrayal of Mrs. Thatcher by one Northern...
...when Thatcher herself subscribes to the rhetoric of Hayek and Milton Friedman, she cannot be totally surprised if some fear the worst consequences in a country used to 'fair play,' a sense of decency and give-and-take, instead of the tooth-and-claw competition of the unfettered market economy. Of course, it is always possible--as many believe and as some progressive Conservatives hope--that the realities of power may temper Mrs. Thatcher and convince her to follow the consensus politics of the past. If she will not, or if she cannot, the divisions of North vs. South, inner...
...said Canadian authorities have informed him that a portion of the collection has already been sold on the black market, but he added he is "hopeful" that investigators from Norfolk and Middlesex counties and the state police may soon recover the remaining 700 to 1000. Authorities are working on leads from the same anonymous source, he said...