Word: pushes
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Dates: during 1970-1979
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...last three months of 1978 anticipating the 14.5% price increase announced two weeks ago by the Organization of Petroleum Exporting Countries. But if the Shah were replaced by a fundamentalist Shi'ite government eager to cut back on his modernization schemes, the subsequent reduction in Iranian exports would push prices even higher, with the result, in the view of one oil expert, that "we'd all fall...
...with its own surplus, that did not suffice. "The drop in production in Iran was the important factor in the price boost," says a U.S. Treasury official. "The Saudis are able to hold off the price hawks as long as they have excess capacity. They couldn't push any further, though, and had to give...
Crucial, too. For the moment, industry officials are going along with the price guideline, which calls for companies to hold price boosts half a percentage point below the average for 1976-77. But their compliance is not likely to last if unions push wages and benefits up beyond the 7% a year average permitted by the guidelines. Says one Administration official: "Ninety percent of the program will depend on holding down wage increases." Gentry adds: "Companies can agree to abide by the program now and always raise their prices later if things go bad. But a union that takes...
...jobs, antipollution grants, subsidized low-income housing-and give up or delay some new initiatives. National health insurance? Not until 1983. Welfare reform? Under current plans, no money for it. Members of the Board of Economists fear that even if Congress accepts all this shrinkage, a recession nonetheless will push the deficit up to $50 billion by reducing tax collections and increasing unemployment benefits. That does not mean the effort to cut other spending is unwise; without it, the deficit could swell to monstrous proportions...
...football game between Texas Christian University and the University of Alabama. Already behind 14-0, the underdog Texans gave the ball to their junior tailback, Kent Waldrep, 20. Sweeping around the right end, he quickly ran into the Crimson Tide's crushing defense. As two players tried to push him out of bounds on the Alabama 40-yd. line, a third crashed into his legs from behind. Waldrep was hit so hard he flipped over and landed headfirst. Texas went on to lose, 41-3. But for Waldrep that game in 1974 was an even more devastating defeat...