Word: oiling
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Dates: during 1980-1989
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...Bush still loves to free-lance. He jots dozens of private notes, reluctant to rely on dictation. He makes and takes scores of phone calls each day, talking to an army of people in and out of government, from Congressmen to civil rights leaders to cronies from the Texas oil fields. He loves marginalia: recently he extensively edited a staff memo on Soviet- American relations...
Energy prices jumped 2.4 percent overall in February, following a 4.9 percent increase a month earlier. The latest surge was led by a 4.1 percent rise in gasoline prices, the same as January's increase, and a 1.9 percent advance in the cost of natural gas. Fuel oil prices fell 3.1 percent, recovering somewhat from an 11.6 percent surge a month before...
...Fish-oil capsules got a thumbs down too. Eating marine fish one or more times a week is thought to help lower cholesterol, but proof that concentrated fish oil has the same result is lacking, and there is no information on its long-term effects. Nor are fiber supplements warranted as a hedge against cancer of the stomach, large intestine and lungs. Though the panel endorses eating more high-fiber foods, no one knows if the beneficial effects result from the fiber itself...
...inauguration, President Carlos Andres Perez warned Venezuelans that hard times were ahead for their heavily indebted, oil-exporting country. Even he had no idea how hard -- or how soon. Last week the citizens of one of Latin America's most stable democracies were in shock after a social explosion that tore apart downtown Caracas, the capital, and shattered the peace in at least 16 other cities. Government-imposed austerity measures had ignited a three-day free-for-all of rioting, looting and killing that left an estimated 300 people dead, 2,000 injured and another 2,000 in jail...
...continent's onerous financial burden, had finally found austerity unavoidable. Venezuela owes foreign creditors, largely U.S. commercial banks, about $33 billion. In the 1970s, when the country was awash with petroleum revenues, the government that Perez headed spent lavishly on social-welfare projects and industrial schemes. But as oil prices took a dive in the 1980s, so did the economy, which earned 90% of export revenues from petroleum. Hard-pressed for cash, Venezuela last Dec. 31 suspended payments for 90 days on the bulk of its foreign obligations...