Word: pump
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...pursuing only moderately expansive monetary and fiscal policies. If that is done by the end of 1976, he thinks, price rises and unemployment rates could both be heading down sufficiently to leave the U.S. poised for further recovery. On the other hand, he argues, if the Government tries to pump enough money into the economy to prompt a faster rebound, it will only fan greater inflation that eventually would force a crackdown on demand. "We have one more chance now," he warns, "and if we blow it, we are going to have a very serious recession...
...fact the British penchant for investing overseas rather than at home goes back more than 50 years, and has prevailed in times of prosperity as well as depression. Investment money pried loose has too often been channeled into inefficient industries. A recent government example: Labor's plan to pump some $2.3 million per day into the British Leyland Motor Corp., which is currently losing $264 million a year...
...Israel would give up the Abu Rudeis oilfields on the Gulf of Suez. The fields now pump 36.5 million bbl. of oil a year, roughly 50% of Israel's total domestic needs. Without the crude, Jerusalem would be even more dependent than it is now on its chief foreign supplier, Iran, which has been growing increasingly critical of Israeli policy in recent months. The cost in foreign exchange would be $350 million per year, a critical sum for a country that is already running a deficit of $3 billion...
Success also brings money-and money attracts the Mafia. Employers pump barrels of money into some 240 Teamster pension funds round the country. The funds' assets now total perhaps $4 billion; the Western Conference of Teamsters alone has a pension fund of $1.4 billion, fed by employers of 475,000 Teamsters in 13 Western states who contribute between $6 and $26 per member per week...
...world's major economies, said the OECD, all but Britain and Italy will enjoy real growth in the second half, a trend that will accelerate sharply in 1976 (see chart). To make sure it happens, Schmidt and Giscard agreed a fortnight ago on a joint $5.5 billion pump-priming effort ($2 billion to be spent in Germany, $3.5 billion in France). Japanese Finance Minister Masayoshi Ohira has also promised further steps to stimulate demand. Yet as welcome as that news may be, it will mean little to the 15 million jobless in Europe, Japan and North America. Global unemployment...