Word: riche
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Dates: during 1980-1989
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Third-baseman Jamieson, in his first weekend of varsity intercollegiate competition, succeeded on all five chances at the hot corner. Freshman Rich Renninger also contributed with solid defense, stretching and digging throws out of the dirt...
...ambiguous sexuality; an older woman, teetering on the edge of a breakdown, decides to jog instead of swim because "not only is running not cold, but I won't drown if I should stop suddenly"; another woman, traveling in Latin America, is dazzled by the profusion of rich colors but daydreams about the frail hands of her dying mother: "I traced with my finger the huge, adult bones, the fascinating veins that crossed it like mysterious rivers; I fitted my attention exactly to the ridgings of her knuckles, the wedding ring, her pale, flat nails." Not a false note sounds...
...seemed as if the good times would go on forever. As the price of fuel soared through the 1970s, the economies of oil-rich regions, from Texas and Oklahoma to Wyoming and Alaska, exploded. The frantic growth fed on itself: in Tulsa, Houston and Denver, skylines seemed to sprout overnight. The new wealth was intoxicating, making giddy millionaires out of young geologists, and inspiring dentists to become oil barons. Says Texas Historian T.R. Fehrenbach: "Oil was a big hot flash of money...
...epic oil plunge of the 1980s started out slowly and a bit remotely. To most people, it was just a downward-sloping diagram on the financial page, an abstract reminder of the mysterious world of desert oil wells, filthy-rich Arabs and the irritating antics of OPEC. But suddenly oil's new situation is hitting home with the wallop of a 42-gal. oil barrel dropped on the front porch. Last week consumers, businessmen and traders around the world watched in awe as the price of crude dipped below $10 per bbl. for the first time in almost a decade...
...same time. Developing countries from Mexico to Indonesia, which had built their economies and their dreams on oil revenues, now watch in anguish as those hopes of prosperity evaporate. The repercussions could go well beyond economics as those countries express their resentment toward consuming countries, many of which are rich industrial lands. The crisis could inflame tensions in the Middle East, in particular, where oil revenues have dropped from $237 billion in 1980 to an estimated $110 billion last year. Last week Israeli Prime Minister Shimon Peres, who visited the U.S. to confer with Secretary of State George Shultz, called...