Word: tankfuls
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Dates: during 1970-1979
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...deepen the rebate by several billion dollars. Arthur Okun, also of Brookings, and University of Minnesota Economist Walter Heller have both served as chairman of the Council of Economic Advisers under Presidents Kennedy and Johnson. Otto Eckstein, Harvard professor and head of Data Resources, Inc., a Cambridge, Mass., think tank, is a former member of the council, and its current chairman, Alan Greenspan, is on leave from TIME's Board. Murray Weidenbaum, who replaced Greenspan on our panel, was Assistant Secretary of the Treasury in the Nixon Administration. Robert Nathan heads a private consulting firm in Washington; David Grove...
...major "confrontation" countries, the issues of war and peace were the main topics. In Syria, the group members were driven directly from the airport across a rocky plain to the Golan Heights, where they inspected the scene of a pitched tank battle of the 1973 war. Two days later, when they crossed the Jordan River into Israel, their hosts ushered them into two huge air-force helicopters for an inspection tour of the Israeli side of the battle line and a detailed briefing by Raphael Eitan, the major general who heads the Israeli "Northern Command." Standing on a destroyed Soviet...
...Japan's oil troubles, a huge storage tank ruptured last month at the Mizushima industrial complex in the city of Kurashiki. About 50,000 bbl. of oil poured into the Inland Sea-a national park area as beloved as Mount Fuji-and tarred 100 miles of scenic coastline. Beyond the aesthetic damage, which has caused a national outcry, the spill has wreaked havoc with the local fishing and edible seaweed industries; losses are estimated at $40 million...
...their first-string quarterback, they entered the play-offs with a 10-3-1 record. Then, in the process of defeating Buffalo and Oakland to qualify for the Super Bowl, the Steelers really got their offense humming. Running Back Franco Harris remembered how to rumble through tacklers like a tank. Quarterback Terry Bradshaw recalled that he is, after all, No. 1 in Pittsburgh. During recent games, says Coach Chuck Noll, "Bradshaw has been masterful...
...months, profits of the five biggest U.S. international oil companies jumped anywhere from 38% to 70%. But much of this gain was due to an unusual circumstance: OPEC's price rises triggered an automatic increase in the value of the huge stocks of oil that the companies held in tank farms and on tankers. The companies will not get those one-shot "inventory profits" in the future, unless OPEC again raises the price. As for relative earnings, the five companies' profits rose from $5.3 billion in the twelve months before the embargo and big price rises, to a steep...