Word: reasonlies
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Dates: during 1970-1979
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...fully 42% since the first of the year. That is the price that Saudi Arabia, Qatar and the United Arab Emirates will charge. The other ten OPEC members, which account for almost two-thirds of the cartel's exports, will sell at $20 per bbl. Reason: most are already charging an average of $17.50 per bbl. as a result of premiums and surcharges, and a rise of a mere 500 per bbl. hardly seemed worth the trouble...
With all these controls, why have prices risen so much faster than expected? One main reason is that market pressures kept prices below the federal ceilings when gas was plentiful. There was price competition among gas stations vying for customers. When supplies diminished, service stations raised the price to the legal maximum limit-an increase that outstripped the OPEC price rise. Beyond that, retailers who sold below the maximum price were allowed to "bank" the difference; now they can legally add that amount to the price they charge for gas. Such are the vagaries of regulation...
Though the battle rages in the pages of Campus Shock, Lamont reports that Harvard's defenses are still basically sound. "The thing that struck me most about Harvard was that it wasn't knocked askew by one single problem....Harvard seems to have all the problems, but for some reason they deal with them better. I don't know whether they spend more time, or they're smarter, or whether it's the fact that they're simply Harvard...
...film opens in a T.V. studio operated by the Emergency Broadcast System. (Yes, there's a reason for those shrill test frequencies that get you out of bed when you fall asleep the night before watching Kojak.) A moderator and a scientific expert are having a violent political disagreement about how to handle the zombies. In the pandemoniun, four people--a technician, his stage manager-girlfriend, and two armed guards--decide to take off (quite literally--they leave in a helicopter) and find a safer area. They eventually land in a large, abandoned shopping mall outside Pittsburgh and decide...
However, since the FAA showed no eagerness to lift the ban quickly, the European airlines became restive. Reason: they did not want to keep the plane on the ground, especially during the peak season of tourist travel. Although one of every three U.S.-owned DC-10s inspected had flaws in the pylon mountings (such as cracks, corrosion and serious stress in the attachment bulkheads), no similar problems were found on the European crafts. Furthermore, the European lines fly almost exclusively advanced, longer-range versions of the plane, known as the series 30 and 40, rather than the older, shorter-range...