Word: pumps
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...Third Pump. Federal officials concede that the changeover to unleaded gas may create some minor problems. The environmental agency will require an additional 10,000 stations in sparsely populated areas to offer unleaded fuel, and predicts that most smaller outlets for major oil companies will take on the new gas voluntarily. Altogether, the EPA estimates that in only 41 of the nation's 3,000-odd counties will motorists have to drive more than a few miles to find unleaded gas. Agency officials also note that 300,000 small nozzles have already been produced and are in wide distribution...
...prices go still higher. They are applying for bank loans at an astonishingly rapid pace; between February and May, bank loans to business expanded at an annual rate of no less than $45 billion. The Federal Reserve Board, rightly viewing the borrowing surge as inflationary, has deliberately refused to pump enough money into the banking system to accommodate the loan demand...
...Federal Energy Administration appeared capable of vigorous anti-inflationary action. It accused Gulf Oil Corp. of inflating the price of imported crude oil and passing part of the overcharge along to U.S. consumer-a complaint that if sustained, could lead to an order rolling back gasoline prices at the pump. Details of the three developments...
...skyscraping interest rates that are drying up mortgage money and threaten to depress construction even further. A continuing slide in housing would seriously diminish chances for an economic upturn later this year, and last week the Administration attempted a rescue. President Nixon announced a series of steps that would pump $10.3 billion in cash and credits into the sagging industry...
...head of the Italian subsidiary of Worthington Pump International Inc., the world's largest pump company, Paolo A. Gamboni acquired an asset that continues to elude most Italian business men: he won credibility with labor. While other firms were crippled by strikes or outsize contract settlements, Worthington Italiana multiplied its sales fivefold in the past ten years. In 1970 Gamboni was also put in charge of Worthington companies in five other European countries, and last month he was elected president of Worthington Pump International itself-a subsidiary of Studebaker-Worthington Inc. -which operates in 14 countries and expects...