Word: rushing
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Dates: during 1970-1979
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...hoped would offset the enormous cost of oil imports, is uncertain. Europeans and other foreigners are expecting satisfactory crops of wheat and feed grains and are less eager than in recent years to buy American farm goods. But further declines in U.S. crop expectations could well start a new rush of foreign buyers seeking to build their reserves as a hedge against future shortages. That might be a boon for the American trade balance, but it would kick the nation's food prices even higher. In addition, millions of people in Asia and Africa are living on the edge...
...Sacrifice. There were other inducements. Federal Reserve Chairman Arthur Burns, Treasury Secretary William Simon, Presidential Economics Adviser Kenneth Rush and Presidential Assistant Alexander Haig all prevailed upon Greenspan to accept. To avoid conflicts of interest and satisfy the Senate Banking Committee, which is expected to approve his appointment, Greenspan will place all stock he owns in his firm in a blind trust over which he will have no control. Thus he faces a big financial sacrifice that will not be offset by his $42,500 salary at CEA. Profits earned by his firm while he is away will be lost...
...rush to exploit new or neglected energy sources is transforming the ranching economy of the whole Rocky Mountain region. In Montana, a $700 million electric generating complex is being built to convert local coal into power for the Pacific Northwest. In Colorado, a consortium of twelve companies is experimenting with ways to tap the oil and gas held in the state's vast shale deposits. In Utah, the leasing of shale lands has pumped $120 million into the state's coffers. But it is in Wyoming, where the antelope still play beside highways, that the changes are most...
...fuel, which can be extracted by relatively inexpensive strip mining, has started an immense coal rush. Many companies, including ARCO, Texaco, Kerr-McGee, Gulf, Exxon and Phillips Petroleum, are paying up to $1,000 an acre for grazing land that sold for only $60 an acre a year ago. Annual coal production-now 13.6 million tons-is expected to double...
...confidence in the Nixon Administration's management of the economy is fast running out. Last week, in a flurry of activity at San Clemente, the President sought to restore credibility to his programs. He held a well-publicized round of meetings with his top economic aides, Adviser Kenneth Rush, Budget Director Roy Ash and Herbert Stein, chairman of the Council of Economic Advisers -in what amounted to an economic summit meeting. This week the President was expected to make a major nationwide speech on the economy...