Word: oiling
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Dates: during 1980-1989
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...Hearst's fabled art collection) and family tragedies, including a jail term for his Communist father, his own messy divorces, and manslaughter charges deflected by his son, who pleaded self-defense. In blunt and trenchantly funny prose, Hammer portrays himself as a bumbling breeder of prize cattle, an accidental oil millionaire -- yet, always, a consummate wheeler-dealer, which nobody can deny...
...region. But they then set conditions for U.S. action in the gulf that are impossible to meet. The favored technique for doing this is to demand that the United States not act alone. Where are the allies? they complain. After all, it is their oil and not ours that is flowing through the gulf. They should join us in any military action. If they don't act, why should...
...bank, the high school, the drugstore and practically everything else. The Catholics and Methodists no longer have a church, but the Congregationalists and the Lutherans have hung on. Two years ago the restaurant, the Havana Cafe, went belly-up. For a while there the farmers shifted to the Standard Oil station down by the railroad -- now the Burlington Northern rather than the Great -- for morning coffee, but it got so crowded you couldn't curse a cat without getting a hair in your mouth, and finally somebody had to put their foot down. A town is not a town without...
...need for Volcker's brand of inflation fighting arose during the aftermath of two oil shocks, which had sent prices zooming out of control by 1979. G. William Miller, who had served only 17 months as Fed chief, was proving ineffective against the growing crisis. Suddenly one day in July, while Treasury Under Secretary Anthony Solomon was cooling off in his backyard pool, he got an urgent phone call from President Jimmy Carter, who wanted suggestions for a new Fed boss. "Paul Volcker," Solomon replied with little hesitation. "Who's that?" Carter asked, not recognizing the name of the head...
...strong Post (circ. 796,000), but the paper, the only local alternative to the Post, has had a few impressive scoops. The Times broke the story alleging that Michael Deaver had improperly used his White House ties to advance his lobbying business and, two months ago, revealed Mobil Oil's decision to move its headquarters from Manhattan to suburban Washington. Though the Times has serious weaknesses (its national political coverage is abysmally shallow, for example), its strengths include a scrappy metropolitan staff, lively cultural reporting, and a generous amount of foreign news for a publication its size. "The paper...