Word: newe
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Dates: during 1970-1979
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...economy than is the ever present danger of a cut in supplies. With spot prices now hovering at $40 or more per bbl., nearly twice the maximum official OPEC price of $23.50 for oil sold under contracts of three months or more, OPEC members are clamoring for a hefty new increase when the cartel meets in Caracas on Dec. 17. Notes a top Carter Administration official: "Spot prices are the locomotive now dragging OPEC prices along." Adds Data Resources' Eckstein: "Our present forecast has OPEC prices going to $26 per bbl. during 1980, as a result of the current...
...nine other Republicans entered the race without dislodging him from his position at the head of the pack. Last week Ronald Reagan, the once fervent evangelist of the political right, finally made his move. He did so in one of the nation's few citadels of G.O.P. moderation: New York City. As a spotlight redolent of Hollywood memories illuminated his pinkish cheeks and slightly graying temples, the still handsome candidate declared, "I am here tonight to announce my intention to seek the Republican nomination for President of the United States." Some 1,500 followers, who had paid $500 each...
...American wheat in the past fiscal year. In September the Khomeini government signed a contract to double wheat purchases from Australia, to 520,000 metric tons over the next six months. The price is about $20 higher than America's $185 a ton. Meat from Australia and New Zealand, eggs from Turkey and poultry from Rumania are flowing into Iran. The country has also been going to Thailand for about 15% of its imported rice, and the Thais have plenty more where that came from. Were the U.S. to embargo shipments to Iran, food produced elsewhere would simply move...
...story skyscraper on Manhattan's Fifth Avenue at 52nd Street. It is owned by the tax-exempt Pahlavi Foundation, created by the Shah but now controlled by the Ayatullah's supporters. The Iranians also own some U.S. military spare parts stored in a warehouse at New Jersey's McGuire Air Force Base and awaiting shipment. But, says David Bauer, an economist for the Conference Board, a New York-based research group, "I can't think of a single Iranian investment in a factory operating...
While Sears is Reagan's top adviser on strategy, his campaign chairman is one of the Senate's ablest conservatives, Nevada's Paul Laxalt. Last week Reagan named as Laxalt's top assistant another prominent conservative, New York Congressman Jack Kemp, the former Buffalo Bills quarterback who made a name for himself politically in 1977 by advocating a 30% cut in federal tax rates...