Word: tightenings
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...during a visit to the U.S.S. Constellation, 55 miles off the California coast. The Commander in Chief allowed that it would "be a kick" to fly in an F-14 jet fighter, though he did not insist on going for a ride. He jokingly ordered the flight boss to "tighten up the interval" of the planes hurtling every few seconds off the deck. He stayed chipper through a precision bombing run that nearly jolted him out of his white-draped deck chair. Addressing the Constellation's 5,000 officers and crew later, Reagan reaffirmed his pledge...
...government's response to the ANC campaign has been to tighten up already formidable security measures against the repressed black majority. Last week, more than a hundred police swooped down on a black squatters' encampment near Cape Town and trucked 1,300 homeless black men, women and children off to jail, before sending them to rural reservations. On the military front, Defense Minister Magnus Malan has warned South Africans that "the revolutionary effort against us has reached an extremely dangerous phase." The Pretoria government two weeks ago raised the defense budget by 30% to an all-time high...
...King Khalid to accept a compromise at $35 per bbl. But the effort came to nothing. As a belated gesture of good will, Yamani announced as soon as the conference ended that, although his country was sticking by its $32-per-bbl. price, it would nonetheless help tighten the market for other OPEC producers by cutting Saudi production by 1 million bbl. daily in September...
...Europe, the Far East and Latin America. Says he: "It's kind of tough to see business go out the door because of this high dollar. Yet at the same time, I support Reagan's policies. I think he's right. So I'll just tighten my belt and work harder...
...cartel's hard-liners argued equally insistently that the Saudis had to help tighten the market by cutting production and raising prices. For the past eight months Saudi output has crested at 10.3 million bbl. daily, or about 2 million bbl. more than the desert kingdom produced three years ago. This is a key reason why worldwide petroleum inventories are now bursting with some 2 million bbl. daily in excess crude oil output...