Word: steeper
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Dates: during 1970-1979
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...days ahead. By bringing its charges up to the $24 level, where much of the rest of OPEC has been for months, Saudi Arabia is attempting to return order and stability to the cartel's chaotic price structure as well as head off demands in Caracas for much steeper hikes by such cartel radicals as Iran, Libya and Nigeria. Said Saudi Oil Minister Ahmed Zaki Yamani: "We wanted to avoid a hot discussion in Caracas that might lead to a much higher level of prices...
...gasoline, diesel fuel, heating oil, kerosene and other products from refineries throughout the Caribbean. Now much of the loss will have to be made up by having companies divert non-Iranian oil to the Caribbean refineries, while sending the Iranian crude to European refineries instead. That will mean steeper prices for Europeans because much Iranian oil is being sold at prices far above the official OPEC maximum...
...dirt road running up Parachute Creek in western Colorado winds through an ever steeper canyon. As the road climbs, it deteriorates into first a stream bed and then a cliff-hugging path that passes a blackened ledge of shale rock that was struck by lightning two years ago and spouted flames for three days. The Indians once dubbed the magic mineral "the rock that burns...
...George Meany's apparent successor as president of the AFL-CIO, has already condemned the Fed's big rate boost as the "wrong move at the wrong time." Economist John Kenneth Galbraith labeled the Federal Reserve's program "an incredibly dubious policy" that will cause a steeper decline but help very little in slowing inflation...
...real risk of the tangibles scramble is the impact that it has on the economy as a whole. By encouraging an at titude of buy now before the price goes up, panicky consumers are making further and even steeper price increases virtually inevitable. Yet people are not about to change their attitudes until inflation itself is brought under effective control. If that does not happen, the nation may some day discover that "basket of currencies" does not mean merely francs, marks and yen but also, perhaps, bullion, baubles and condos...