Word: productively
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Dates: during 1970-1979
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...House Version. The GOP program is the product of Senate Minority Leader Howard Baker, a presidential aspirant who felt that the Republicans had to do more than naysay Carter's program. House Minority Leader John Rhodes would have none of that strategy, so there will be no House version of the plan. Says Rhodes: "Since when did the minority have to be positive?" Nonetheless, the G.O.P. now has a plan of sorts, and it will give Baker and his colleagues something to talk about now -and three years from now, if Jimmy Carter's energy plan does...
Though it is gloomier than some previous reports, the conclusion is not brand new. What makes it weighty is its global authorship. The report ("Energy: Global Prospects 1985-2000") is the product of a 2½-year study by the Workshop on Alternative Energy Strategies, a group organized by MIT Professor Carroll Wilson. He assembled 35 industrial, government and academic experts from twelve oil-importing nations and three exporters: Iran, Mexico and Venezuela. They plotted likely oil demand and supply under a wide range of assumptions: high and low rates of economic growth, "vigorous" and "restrained" government conservation policies...
...point, however, the economists were nearly unanimous: the pace of the nation's business upswing will continue to be fairly brisk, even without as much stimulation as Carter once proposed to give it. Most board members believe that real gross national product (discounted for inflation) could well expand at an annual rate of 7% in the second quarter before slowing somewhat. They foresee the economy rising by 5.8% to 6% from the fourth quarter of 1976 to the fourth quarter of this year...
...FORTUNE 500 list; its revenues fell almost 34%, to $1.1 billion. At that, refiners are lucky; they have continued to make a profit ($43 million for Amstar last year) because their cost of buying raw sugar has fallen as fast as the price at which they sell the refined product. Growers in the U.S. and abroad are losing money. Moans Cane Grower J.R. Roane: "Louisiana will be out of business in another two years at this price level." The price collapse has badly hurt the Cuban economy; that is a major reason why Fidel Castro is eager to re-establish...
...will try to stop what he views as an increasing concentration of economic power in the boardrooms of a few hundred huge corporations. His greatest concern, he told the Senators, is "shared monopoly": a situation in which a handful of big companies dominate an industry and follow similar product and pricing policies. The Federal Trade Commission has brought suits against alleged shared monopolies, including one against eight oil companies and another against the four largest cereal makers. The Justice Department has not filed any shared monopoly suits, but Bell thinks that it should...