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...refineries to cut production of gasoline in order to shift more capacity to heating oil and products for industry. Still, gasoline consumption will not have to be reduced 30%, as the Administration once feared. Supplies to gas stations instead will be cut 20% below expected demand. Simon continues to predict that voluntary conservation measures will lower consumption sufficiently. In fact, though, such measures as gasless Sundays and lower speed limits so far have reduced gasoline use only 7.2%. Simon himself warns that the appearance of "three-or four-hour lines" at gas pumps could force actual rationing, and such lines...

Author: /time Magazine | Title: Energy: Coupons in the Hole | 1/7/1974 | See Source »

...high might natural gas prices go? Some economists predict prices of 600 to 700 per 1,000 cu. ft. Another indication comes from agreements that U.S. companies have made with Algerian producers to manufacture liquefied natural gas and ship it in special tankers to the East Coast. Estimated price to the consumer: about $1-or almost 500% more than a householder now pays. As chances of saving the last remaining fuel bargain dwindle, the lesson is doubly clear: the era of cheap energy is indeed fast drawing to a close...

Author: /time Magazine | Title: FUELS: That Other Shortage | 1/7/1974 | See Source »

...company free to operate in all nine Common Market countries under a single set of incorporation rules) must establish a board on which one-third of the directors will represent labor, another third will speak for shareholders, and the remaining third will be chosen by the first two groups. Predictably, corporate leaders have been horrified. Even in Germany, some heads of major corporations predict that giving labor an equal voice in company planning will lead only to endless deadlock, with the worker-directors vetoing everything that the shareholder-directors want to do, and vice versa...

Author: /time Magazine | Title: LABOR: Workers on Boards | 1/7/1974 | See Source »

...changes evolving in the neighborhoods surrounding Madison High School are similar to those that portended the rapid appearance of "For Rent" and "Sold" signs in cities across the nation during the last fifty years. They predict the beginning of a scenario familiar to urban sociologists; they hit the homes in Flatbush last week with a startling thud...

Author: By Fran Schumer, | Title: Prisoners of Class | 12/20/1973 | See Source »

...turned towards novelty in both the arts and sciences at the turn of the century, Wells turned more and more towards realistic social prophecy, and a new optimism in which free will and determinism would control Darwinism. In Anticipations he talks of a new "Human Ecology" which could help predict "biological, intellectual, and economic consequences." At the forefront of his "free will" is a new "mass of capable men," engendered by sterilization programs in which mankind can "tolerate no dark corners where the people of the abyss may fester." In A Modern Utopia, these supermen are called Samurai. And even...

Author: By Greg Lawless, | Title: The Evolution of H.G. Wells | 12/14/1973 | See Source »

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