Word: suddenly
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Dates: during 1970-1979
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Just as in the panicky period that followed the Arab oil embargo in 1973, the major auto firms were caught off guard by the sudden buyer switch to smaller cars. Of General Motors' new X car line, President Elliot Estes notes: "We guessed in favor of the six-cylinder engines. But right now sales are running 60 to 40 in favor of the fours." GM is getting no help from its big cars either. Sales of the standard Chevrolet are off 20% since January; Buick Le Sabres are limping almost 29% behind 1978's pace, and purchases...
...sudden swap at the Top of the Week
...sudden move, a Tehran court handed down a ten-day injunction blocking further payments to General Telephone & Electronics, which has been drawing down a huge letter of credit for services rendered on a $700 million project to modernize Iran's telephone system. A team of GTE negotiators had believed they were making progress toward an amicable settlement. But then GTE's local client, state-owned Telecommunications Company of Iran, sued to halt payments on the outstanding credit to GTE worth $194 million, charging that the company had installed inoperative equipment...
Congress's sea change from generalized energy skepticism to a mood of "Let's produce" reflects the refreshing new perception in the nation. As a top Energy Department official observed to TIME Washington Correspondent Richard Hornik, "All of a sudden there must be 40 different energy production bills floating around on the Hill. A year ago, when we tried things like that, we were laughed off and accused of empire building...
They called it Blackout Monday. All over the nation's capital bleary bureaucrats, lobbyists and pols stared over their morning newspapers in sudden shock. A shakeup? A scandal? A sudden outbreak of civility? No, far worse: Doonesbury was missing...