Word: newe
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Dates: during 1970-1979
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Other automakers would be better off. The conversion to small models would bring forth a prolonged spurt in capital investment by the manufacturers and their suppliers for tools, dies, entire new plants. Eventually sales would surge because drivers would feel an increasing need to switch to gas-saving cars. As demand rose, particularly for the most economical vehicles, prices would ride up. Concludes Detroit Auto Analyst Arvid Jouppi: "We are awfully close to the $10,000 small...
...Howard Johnson's would suffer. Restaurants near population centers would surge. So would air travel, as people flew on vacation instead of driving. That would boost sales of more fuel-efficient jets, and Boeing, Lockheed, McDonnell Douglas and other planemakers would benefit. But resorts in South Florida and New York's Catskills would be hit hard because most people go there by car. Roadside motels would suffer, but rents of apartments and values of houses close to city centers and public transit would climb...
...further big rise in price would do shocking damage. For example, a jump to $30 per bbl. would lift OPEC's total 1980 revenues to about $300 billion, constituting a huge new international tax on economies everywhere...
...new power alignment seems likely to emerge in Caracas: a loose coalition among Saudi Arabia, Iraq and Kuwait, the Persian Gulfs three biggest Arab producers, which now dominate the Persian Gulf trade as Iran sinks deeper into internal chaos. Instead of moderate price increases, higher production and cooperation with Washington, the outlook for the cartel as a whole seems to be for substantially higher prices, tighter supplies and increasing disinterest in whatever the U.S. seeks...
...seizures began earlier than many had supposed. Several weeks ago, a French court had quietly frozen Iran's $1 billion stake in Eurodif, the large multinational uranium enrichment project in Western Europe, after Iranian leaders failed to meet routine payments. The move served notice on Iran's new leaders that no foreign investments were safe from seizure...