Word: six
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Dates: during 1970-1979
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Financial problems also loom, especially for the developing nations. They have already run up some $220 billion in debts since oil prices began climbing almost six years ago, and the latest rises could add some $6 billion more to the burden by year's end. Fears are growing of defaults that would shake the private Western banks that have done much of the lending. Turkey, Sudan, Bolivia, Zaire, Zambia, Jamaica and other countries are in trouble...
...first, executives of rubber companies howled in outrage, for they feared that the Government was letting Jersey Standard into their business. So Newhall spread the manufacture of butadiene and styrene among 14 oil companies, six chemical companies and one rayon firm. The raw materials were then shipped to plants operated by B.F. Goodrich, Goodyear, Firestone and U.S. Rubber, where they were mixed and turned into products. Thus, rubber companies kept control of their industry...
...Oversight and Investigations determined that the failure of the tires had been the major cause or the chief contributing factor in a large number of accidents. To date those accidents have involved at least 41 deaths, about 60 injuries and hundreds of incidents of property damage. Over the six-year period the company tried, unsuccessfully, to correct the faults. The primary and recurring problem: blowouts and other failures following a separation of the tread from the steel-belted inner layer...
...government's success will be determined largely by two key undertakings: >As part of an assault on unemployment, Sri Lanka plans to build five major dams and reservoirs over the next six years. The $1.2 billion project, more than half financed by foreign aid, will employ 225,000 workers and add greatly to electricity generation and farm irrigation...
Despite problems over lack of paved roads, running water and communications, six factories have already been set up and more are abuilding. Some will make work gloves, tea bags and latex rubber threads, but most will produce garments for the U.S. market. Indeed, many companies have been attracted because the U.S. does not yet impose import quotas on Sri Lankan garments. Typically, Jeffrey Bogatin, owner of a New York-based garment business, was attracted by wage costs of 73? an hour and a five-year tax holiday. Says he: "I'm shocked that there is not more...