Word: sectoral
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Dates: during 1970-1979
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...start generating the profits needed to pay back its loans, the U.S. taxpayer could get stuck with a portion of the $1.5 billion tab. Assessing the action of his colleagues, Senator Barry Goldwater, the Arizona Republican who is a leading advocate of keeping government out of the private sector, called the bill "the biggest mistake Congress has ever made...
...Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska's OCS could eventually produce 4 million bbl. a day, or enough to replace half of the nation's present oil imports. The Canadians, who have been drilling in their sector of the Beaufort Sea for two years, are very bullish on it: this fall Dome Petroleum Ltd. brought in a 20,000 bbl.-a-day strike, the biggest ever made in Canada. But huge expenses (Dome's well cost $70 million), heavy ice, storms and temperatures...
Last week briefcase-toting oilmen gathered at a Fairbanks hotel to bid for drilling rights in the first small part of the U.S.'s Beaufort Sea sector to be opened to exploration. Offers by the companies totaled $2 billion for some 500,000 acres of tracts, but when the leases will be awarded is uncertain. Just four days before, a federal judge had ruled that the lease sale could not be completed until the courts resolved an environmental suit brought by the National Wildlife Federation and other groups calling for a ban on Beaufort Sea drilling...
...Francisco transit settlement. Critics, however, see the Boston circumstances as different: Schwartz was involved in the suit for only two months rather than years, on behalf of an agency that depends on taxpayers to cover two-thirds of its budget. As Frank puts it, "When the public sector is as desperately poor as it is, no one ought to get rich...
...onslaught from black African nations combined with mass rebellion by the country's 20 million blacks. To the howls of hard-line Afrikaners, the Prime Minister has proposed the "improvement" of laws prohibiting interracial sex and marriage. In order to create new jobs for blacks in the private sector, Botha's government will look the other way if companies violate the regulations that ban blacks from certain skills or positions in which they would supervise whites. In Johannesburg apartheid has been suspended to the point that most restaurants and theaters are racially mixed. These changes have been accompanied...