Word: prospects
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Dates: during 1970-1979
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...than the Speaker. The long-expected, much-feared collision between Congress and the President had not occurred, and as Congress recessed for a month last week, relations between the two branches of Government had considerably warmed. Jimmy Carter was losing some but winning others. He was optimistic about the prospect of soon signing a new Panama Canal treaty,* which will face a tough fight on Capitol Hill. And last week he unloaded his massive welfare-reform proposal on Congress...
...combination of marijuana and money." Under his plan, the state would license growers and retail dealers. He calculates that the scheme would cut in half the street price of pot (now about $25 per oz. in Louisville) and earn Kentucky about $150 million a year in fees-a heady prospect for politicians who would like a painless way to cut taxes and raise revenues at the same time...
Almost totally unnoticed amid the debate over Alaskan oil and the Administration's energy program has been some encouraging news. Spurred on by the prospect of higher prices, oilmen have sharply stepped up the pace of exploration in the Lower 48 states. New wells are being sunk at the highest rate in nearly two decades. More than 2,000 drilling rigs-meaning just about every one available-are now boring for gas and oil on shore, v. an average of only 975 six years...
...borrowed money. At one point last week their value had sunk to $1.7 million. One reason for the steep decline was that National Bank of Georgia officers decided earlier this month to write off $2.3 million in loan losses for the first half of 1977. Another was the prospect of Lance's promised divestiture. Since his shares amount to roughly 16% of the bank's stock, the anticipated sale has had an understandably dampening effect on the market value...
...warm ones with four key Arab leaders: Egypt's Anwar Sadat, Syria's Hafez Assad, Jordan's King Hussein and Saudi Arabia's Crown Prince Fahd. Despite serious and perhaps insurmountable policy differences with Israel, Administration officials are doing their best to downplay the prospect of a clash between Carter and Begin. "There will be significant differences of opinion," says one official involved with the advanced planning, "but they are not going to be throwing chairs at each other...