Word: sales
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Dates: during 1970-1979
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Enactment of the energy bill in November has freed large amounts of the fuel for interstate sale, and this has put the Carter Administration in the welcome but confusing position of having to do an about-face on gas policy. Energy Secretary James Schlesinger still wants industrial and commercial users to switch to coal, which is by far the nation's most plentiful fossil fuel. To help alleviate the gas glut, however, he would also like any user that has already disconnected from gas and shifted to fuel oil to switch back...
...Oklahoma to sell his gas to a pipeline company that will transport it to Michigan as to a customer that will use it to generate electricity or heat a factory in Tulsa. This in turn has made available an estimated 1 trillion additional cubic feet of the fuel for sale in states such as Ohio, Indiana, and New Jersey, where it is needed most. One trillion cubic feet is roughly equal to 5% of the nation's annual gas consumption, and is more than enough to heat three-quarters of all U.S. homes for one month...
...fall, Carter had run up an impressive string of victories on foreign and defense policies: ratification of the Panama Canal Treaty, sale of high-performance jet fighters to Egypt and Saudi Arabia, an end to the Turkish arms embargo, abandonment of the Navy's plans for a fifth nuclear-powered aircraft carrier...
...business lunches and taxpayers' medical expenses. Instead the legislators passed a series of tax benefits to aid business investment and expansion and, to everyone's astonishment, whooped through a cut, from 49.1% to 28%, in the top tax rate on capital gains (profits made on the sale of stock, real estate or other assets). Also, Congress and Carter eventually agreed to reduce the total tax cut from the $25 billion that the President had originally requested to $18.7 billion, and to delay its start from Oct. 1 to Jan. 1. While that might seem to flout the message...
...program. Help is on the way. "The long-range profit for this show is down the road, when it's syndicated and sold to the stations," says Henson. "It's a couple of years away." Lord Grade adds with satisfaction that the take from this "strip syndication"?the sale of a show for the same time slot several days a week?will be split equally between HA! and his ACC group and will mean "millions of dollars." Until then HA! is supported handsomely by fat merchandising contracts with such outfits as Fisher-Price Toys and Hallmark Cards, Inc. Muppet...