Word: reckoning
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Dates: during 1970-1979
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...market forces. But at a stormy meeting in Vienna in September, OPEC decided to raise oil prices 10% effective Oct. 1, rather than the 25% that some members had urged earlier. Now it appears that the actual increase will be smaller still. Experts at the Petroleum Industry Research Foundation reckon the weighted average of price boosts by all OPEC members so far at less than 9%-equal to a rise of about a penny per gal. in the U.S. price of gasoline. Assistant Treasury Secretary Gerald Parsky estimates an even lower increase...
Since the discovery of major oilfields in the mid-'60s, China has become an economic power to reckon with. The first significant shipment of petroleum, 7 million bbl., was sent to oil-thirsty Japan only two years ago. Total oil exports this year are estimated at 70 million bbl. By 1980, oil shipments abroad are expected to reach 350 million bbl. and amount to one-third of the country's exports. China's trade, which remained virtually static at about $4.5 billion annually through the long years of isolation, jumped to $6 billion in 1972 and reached...
...stop with interviews and superficial calculations concerning Leni's whereabouts and occupation. He must quantify much more metaphysical occurences, and for this purpose develops a code near the start of his narrative. Tears, Weeping, Laughing, Beatitude, Pain and Suffering are all human intangibles that he knows he must reckon into his Factual account if he would emerge with a judgement. And so T., W., L., B., P., and S. are all defined briefly but methodically, and suubsequently designated by their initials, as useful coordinates for plotting the lacrymae rerum of any one of the clump of characters he has exhumed...
...from $2.5 billion to $3.25 billion. One State Department official had no hesitation in characterizing this sum-most of it in the form of an outright grant that Israel will not have to repay-as a "reward" for the new peace agreement. Of the additional $750 million, U.S. officials reckon that $250 million will cover cost increases for military hardware, $150 million will be used to dismantle Israel's old defense lines in the Sinai and erect new ones, and $350 million will compensate Jerusalem for the loss of revenues from the Abu Rudeis oil wells...
...Cazzaniga, who reported that that was the custom in Italy. Pointing out that camouflaging the payments also enabled the company to deduct them from its Italian income taxes, Subcommittee Chairman Frank Church of Idaho charged that Exxon was practicing "a fraud on the Italian government." Moreover, subcommittee experts reckon that the favorable legislation resulting from the payments was worth 20 times more to Exxon in Italy than the amount of its contributions...