Word: sink
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Dates: during 1970-1979
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Beating the energy crisis is a cinch for hundreds of residents of Western Pennsylvania: they merely sink a well in their own backyard to tap the region's substantial deposits of natural gas. Though the area's gas fields are hardly in the same league as those in Texas and Louisiana, supplies are more than adequate to meet the heating and cooking needs of individual households and even provide an energy source for factories and electric utilities. The pace of new drilling has markedly quickened as the price of fuel has rocketed. Last year, for example, 674 wells...
...Solomon again emphasized that the U.S. intends to buy up only as many dollars as might be necessary to prevent "disorderly markets," meaning that the U.S. will intervene only to prevent precipitate declines of the dollar. To exchange dealers, this means Washington is still prepared to let the dollar sink-gradually...
...Sink it did last week, and not so gradually. Before the agreement, the dollar had risen to 2.08 DMs; by week's end it had dropped to 2.03. It also fell against the Swiss franc, the French franc, the Italian lira and the British pound...
...When you're faced with something like punk," Incagnoli says, comparing the new wave to disco, "it has to make you re-evaluate the society around you--it's sink or swim where I come from...
Panama's controversial canal is not the only thing in that country under water; so, too, is its economy. During the past several years of hot debate and demonstrations over the fate of the canal, moneyed Panamanians and foreign investors have been reluctant to sink cash into the country. They are even less willing to do so now, fearing that Panama could be thrown into turmoil if the U.S. Senate fails to ratify the canal treaties. But if the treaties are adopted, Panamanians believe, investment, and their economy, will surge...