Word: surpluses
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...crabs. But in 1942 the Army began evicting the residents, paying them less than $10 an acre for their land, and built an emergency airbase. After the war, the 2,687 acres passed from one unit of Government to another; finally, in the early 1960s, the land was declared "surplus property" and turned into a federal haven for geese, ducks and deer. Apparently no one considered selling the land back to its original owners, many of whom were still living near by in trailers and small houses...
Supplies are also being crimped because demand for petroleum continues to grow. Last year's momentary surplus brought on by increased output from the North Sea and Alaska has been more than wiped out by rising consumption as well as OPEC's cutbacks. Steadily growing consumption of gasoline is causing most of the demand problem. Nearly 40% of all oil used in the U.S. goes for gasoline, and even though the price has almost doubled since 1973, the nation's 142 million motorists are burning it in record amounts. Not only have over 20 million new drivers...
Despite repeated promises by the Japanese to dismantle their myriad nontariff barriers and allow more foreign goods into their potentially rich market, Japan's trade surplus continues to pile up. Last year it rose to $24.6 billion, from $17.3 billion in 1977. Imports of Toyotas, Sony TVs, Nikon cameras and other Japanese goods to the U.S. outpaced American exports to Japan by $13 billion, accounting for fully a third of the American trade deficit...
...erase, the skepticism about Japan's intentions and the talk of economic retaliation. In his three-hour meeting with President Carter, Ohira pledged to push to narrow the trade gap between the two nations, noting that some improvement has already been made. Japan's trade surplus in the first three months of this year totaled $2.7 billion, vs. $6.7 billion in the same period last year. Generally Carter and Ohira hit it off fairly well. Honoring Ohira's request for a "truly American meal," the President served up a barbecued buffalo dinner on the White House grounds...
...rent on their gas stations, the wages of their employees and other overhead expenses, and still earn a profit. For competitive reasons, dealers normally sell at somewhat less than their maximum allowable prices; drivers shop around for the best prices when supplies are ample. But when a small surplus of oil turns into a modest shortage, companies are forced to cut back on gasoline shipments, and that lets retailers raise their prices right up to the federal ceilings...