Word: pump
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...fact, steps suggested by Tokyo's ponderously named Ministerial Conference for Economic Measures amounted to little more than some mild domestic pump priming. Nakasone's government was advised, for example, to speed up public spending on construction projects that are already planned. An official of Japan's economic-planning agency estimates that 78% of those projects scheduled for the second half of fiscal 1986 could begin six months earlier. That action would spur construction firms to order materials and hire workers sooner than they had planned. Utility companies were urged to lower their rates. Banks were encouraged to lower interest...
...concern is that low prices have erased the profit margins of many U.S. producers, forcing them to shut down their wells. While Persian Gulf countries can pump oil for less than $5 per bbl., many U.S. wells cost $12 or more per bbl. to operate because much of the easily accessible crude has already been tapped. Some oil analysts believe that one goal of the Saudi price-war strategy is to bankrupt many of these high-cost producers, wipe out the glut and then boost prices once again when the competition is gone. Most forecasters think that oil prices below...
...hottest young choreographer in the country. His Seattle-based troupe of 13 dancers is in heavy demand, and other signs of success are visible: bookings in Europe, commissions from established ballet companies (Boston, the Joffrey), a program on next season's PBS Dance in America series, invitations to pump some life into grand opera productions. (Morris choreographed the Dance of the Seven Veils on alternating sopranos in the current Seattle Opera production of Strauss's Salome...
...good news is the plunge in oil prices. Only last November crude was selling for more than $30 per bbl., but by last week it had dropped to about $12. Because oil price declines can take 40 to 90 days to work their way through to the pump, the impact of lower-cost crude is just beginning to be felt. Some experts are predicting 60 cents gas for the summer, which may tempt a lot of people to polish up the old T-Bird and have some...
...their money with a third friend to play the dollar machines, all three squeal together and draw a crowd five deep. "How much did they win?" people ask. "$100," comes the reply. "Oh, shoot," says a hardened gambler. His contempt delights them more than their jackpot, which they duly pump back into the machine...