Word: pumps
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Soon cars gather around the trailer giving it some clubishness. I imagine its members as reckless romantics, with hearts that pump them out of planes, with a love for life so great that they're dying to risk it. But they slowly roll out of their cars, struggle to stand erect and stretch and scratch their heads, stomachs or buttocks. They yawn and speak of last night, of all that beer. A paunchy man, dressed in blue jeans and a dirty white sweat shirt ambles towards us. "You here to jump?" A moment of silence. "Well my, my name...
...OPEC nations go, so go the countries that pump the approximately 40% of the free world crude that is not under the cartel's control: last week both Britain and Canada moved toward higher prices that will keep the cost of their oil in line with, or even a little ahead of, what OPEC is currently getting...
...Look at condominium control and rent control. New housing can do something positive," Agee says. Building more housing and attracting nonpolluting industry can ease the pressure of the housing crunch and pump in new revenues for the city, he adds...
...Chicago's Harris Bank. "The Fed's actions greatly increase the odds of getting inflation under control in the longer run." Sprinkel has long argued that the old policy of trying to control the money supply by fine-tuning key interest rates often forced the board to pump more funds into the economy than it wanted to, thus aggravating inflation. "Now that they are focusing on central control of [banking] reserves," he says, "and assuming they follow through, I think it assures that we are going to have more stable money growth." Sprinkel adds that the new policy...
Central banks and private holders are reluctant to accept any more dollars, whose value declines almost daily. OPEC countries in particular are attempting to put new oil earnings into marks, yen or gold. Says Washington Economic Consultant Harald Malmgren: "The Arabs have learned that they pump oil out of the sand, hold the dollars, and the dollars turn back to sand." Nervous central bankers also fear that dollar holders will suddenly try to move large funds into another currency or into gold. Warns Karl Otto Pohl, president-designate of the German Bundesbank: "If this mass of dollars ever begins...