Word: rising
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Dates: during 1970-1979
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...Thompson is at his best when he's writing about politics, not everyday debauchery. Alongside his rise to gonzo superstardom was the rise and fall of Richard Nixon. Thompson's visceral loathing for Nixon comes through repeatedly, from '68 to '72 to Watergate. They are, as both would gladly admit, opposites. Yet, when it's all over, and Nixon is leaving Washington, even Thompson regrets it a bit; the excitement and intensity of the chase is over...
Much of the June rise was fueled by the continuing surge in oil prices; this helped push up transportation costs during the month at an annual rate of more than 22%, largely because of the rocketing cost of gasoline, which soared at a rate of 92% a year. By contrast, clothing costs declined slightly, while food, the other big-ticket item in the family budget, rose by only 0.2% for the month. Testifying before Congress's Joint Economic Committee last week, Alfred Kahn, the White House's chief inflation fighter, argued that if it were...
...like saying that if it were not for overeating, fat people would have no difficulty losing weight. The fact is that the nation's energy and inflation struggles are hopelessly intertwined, and neither can be won alone. Earlier this spring, for instance, the Administration confidently insisted that the rise in food prices would slow sharply during the year. Though many economists still believe this, the Agriculture Department no longer seems so confident just where food prices will end up, and last week conceded that prices would probably climb by about 11% during the year, just about the same...
With memories of long gasoline lines still fresh, the earnings reported by many od companies last week could hardly be expected to be greeted by cheers. All told, the industry had its best second quarter ever. Profits of the 23 biggest U.S. firms totaled $5.47 billion, a rise of 66% over the same period last year. Among the five large international companies, Texaco's earnings leaped by 132% to $365 million. Earnings of the others: Exxon, up 20% to $830 million; Mobil, up 38% to $404 million; Socal, up 61% to $412 million; and Gulf...
...lobby working quietly" against the tax. While the public fumes at the big profits, most experts have defended the high earnings claiming that they finance further exoration. In any case, the profits boom is temporary: soon demand will come ore into line with supply, prices will stabilize and the rise in earnings will ease