Word: term
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Dates: during 1970-1979
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...attack by Viet Nam had an enormously unsettling impact on all of the other countries of Southeast Asia. Therefore it affected our own longer-term interests. Such behavior is incompatible with a U.S.-Soviet relationship of genuine coexistence...
...production in an effort to stabilize prices. The reductions would give a renewed upward push to prices worldwide, notably on the all-important spot market. That is a loose telephone network of traders who buy and sell the small amounts of crude that are not locked up under long-term contracts...
Since the transactions reflect the real price that buyers are willing to pay, the deals are closely watched by OPEC members for signs that the cartel's long-term prices could be increased. Spot prices have eased from a peak of $42 per bbl. in late May to about $30 to $32 per bbl., but fears of production cuts have stopped the slide...
Small business. The term conjures up visions of Mom and Pop enterprises, like laundries and corner groceries. But firms with revenues of $5 million to $350 million, which would have been Big Business 25 years ago, are considered fairly small or at most middling in these inflationary days. Unlike the community of large corporations, the mass of these outfits seldom speaks with one voice on issues that affect them. Now someone wants to be their champion: Arthur Levitt Jr., chairman of the American Stock Exchange, where 95% of the 964 listed companies have revenues under $350 million. He proposes...
...Gary Hart, 41, relishes the role of maverick. Says the Democratic Senator from Colorado: "It is difficult to put me in a category. I strike out on my own." In his first term, Hart is already an influential member of three key committees: armed forces, environment and budget. An independent on most issues, he strongly supports SALT II and favors tighter federal control over nuclear power plants. But he also favors less