Word: pricedness
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Dates: during 1970-1979
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The split developed this summer, when most OPEC members boosted their prices from $14.55 per bbl. to a full $23.50, but the Saudis chose to go to only $18. Soon even the $23.50 barrier was broken as members began selling single shipments of oil on the spot market for as...
Faced with all this, Hannon stunned the city, and the eleven-member school board, by handing in his resignation. The board had just renewed his four-year contract in September, but he was "tired," he said. He proposed a dramatic $70 million budget cut requiring the elimination of 1,700...
As a result of the decline in spending on expensive gifts Cambridge consumers have more money to spend on lower-priced items.
Like his father, Jeff believes in capitalism, and he feels his most important task is improving his life without stepping on people--just trying to be a decent human being. "We don't," he says, "push high-priced stuff that people can't afford."
The drop in U.S. oil use should have given the dollar a needed boost on money markets. But the greenback twitched indecisively as traders remained mesmerized by the theatrics of the Iranian drama. Since the freezing of Iran's money in U.S. banks, some of the counterthreats from Tehran...