Word: tightness
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Dates: during 1970-1979
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...vital area of economic policy, which she rightly judges will make or break her government, Thatcher will rely heavily on very trusted aides who share Joseph's fiscal views. Sir Geoffrey Howe, 52, a former left-wing Tory long since converted to tight money and tax cuts, became Chancellor of the Exchequer. John Nott, 47, a tough Cornishman once fired by Heath as too inflexible, became Secretary for Trade and Prices. John Biffen, 48, a deceptively shy but zealous right-wing purist and nationalistic opponent of the Common Market, was named Chief Secretary of the Treasury, in effect, director...
Tempers will flare even more in the weeks ahead. Tight supplies have already forced nearly all oil companies to allocate deliveries to their retail outlets on a monthly basis, usually 90% or 95% of what the stations sold during the same month of 1978. Last week Texaco, Sun oil, Union and Exxon tightened their allocations still further, in the case of Exxon to 80% of the 1978 level. Thus, as summer progresses, drivers will find it increasingly difficult to buy gas toward the end of each month as service stations...
...real and immediate reason why supplies are tight is that overall output by the 13-nation OPEC cartel, which produces nearly half the world's oil, has been cut by between 7% and 10% since December, when shipments from Iran first stopped. Now that Iran is back to exporting, at two-thirds normal capacity, Saudi Arabia, Libya, Kuwait and other oil states are reducing their own deliveries to keep the market tight...
...seemed on Derby day. Franklin broke the colt cleanly from the gate, then held him under firm control through the clubhouse turn. In the backstretch, he took Spectacular Bid to the outside, avoiding the tight traffic near the rail. When Flying Paster moved up inside on the far turn, Franklin held his ground. Spectacular Bid looked Flying Paster right in the eye and then went to work. As they swung into the home stretch, Franklin and Spectacular Bid were free and clear. "I talked to him and tweaked him," said Franklin later, "and he moved right up. I said...
Spectacular Bid now goes to Maryland's Pimlico Race Course for the Preakness on May 19. He took the first two races of his career there, as it happens, and the bandbox track with the tight turns was also a training ground for Ronnie Franklin. It should be quite a homecoming for a pair of winners-a horse with enormous potential and a 19-year-old boy who proved at Churchill Downs that he could ride...