Word: pumps
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...thousands of station owners from Long Island, N.Y., to Long Beach, Calif., closed down last week in what seemed to be an empty protest. Some motorists were stranded, and others were forced to queue up in lines four or five blocks long. National Guard troops were called out to pump gas at a station in Gleneden Beach, Ore., where Western Governors were holding a conference, so that the visiting politicians could get out for a ride. In San Jose, Calif., a dealer who decided to close before filling the tanks of all waiting motorists had to be rescued from irate...
Wall Street brokers greeted the SEC ruling with understandable enthusiasm, since the new rate is expected to pump $150 million worth of commissions into their pockets over the six-month period. Some remain opposed to the negotiable rates later on, but a majority of security dealers have concluded that such variable charges are the only way to stimulate new investor interest. The need for new business is all too obvious. Last week the New York Stock Exchange laid off 55 employees, its third staff cutback in the past year. The word from the American Stock Exchange was almost as dreary...
...July 23, Consolidated Edison, the New York power utility, announced plans to break ground in November for its controversial Storm King pump storage power project on Harvard-owned land near Cornwall...
...fact go up rapidly. In July 1971, the nation's largest oil firms, followed by big independent refiners, began to withdraw temporary competitive allowances (TCAs) from service stations they supply. TCAs are discounts on wholesale gas that enable a dealer to hold prices down at the pump, usually during a price war; removing them causes prices to shoot up. As TCAs came off, the national average price of regular gas rose from less than 34? per gal. to more than 37?; in some markets, prices rose 6? per gal. in a matter of days. After the freeze went into...
...middle of the dusty main street. A huge stork pecks for grubs in a gutted drygoods store, and weasels scurry in the debris. The main square is littered with broken rumba phonograph records-and an empty, bloodstained black shoe. From a pole at the town water pump flies the red-and-white flag of the Jeunesse Révolutlonnaire, the paramilitary youth groups who did most of the killing. The youth groups are run by the Tutsis' Party of Unity and National Progress (Uprona), which in effect rules the country. The job of the Jeunesse...