Word: traded
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Dates: during 1970-1979
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...Federal Trade Commission charged ARCO and seven other companies with monopolizing the oil business east of the Rockies. A court decision in this massive case is not expected before the late 1980s...
...gray and wet, adding a touch of gloom to the usual anxiety in the New York air. High atop the American Telephone and Telegraph (AT & T) building, chairman of the board John deButts has a commanding view of the World Trade Centers. The rest of the building, as far as I can tell from the lobby and the hallways, seems to be a cross between a medieval castle and the Pentagon. The lobby is crowded with simple Roman columns, which part to reveal a statue set into the marble wall. It is the figure of a man with...
...will demand bigger paychecks from their employers. That will spread the increases through the whole economy, multiplying the impact. The latest OPEC boost will have a direct adverse effect on the nation's balance of payments. Last week the Commerce Department released some cheering figures showing that the trade deficit shrank in February to a 22-month low, in part because of a $700 million decline in oil imports from Iran. The OPEC increase, which could cost the economy as much as $1billion a month, will send the deficit bouncing right back up again...
...countries, and Kenneally was beginning to climb on the business jet-set circuit. Two years ago he and David Rockefeller, the Chase Manhattan Bank chief, were vice chairmen of the Iran-U.S. Business Council, and Kenneally was also vice chairman of the prestigious National Council for U.S.China Trade...
...Similar trade-offs are being made in admissions offices around the Ivy League. The bartering is purely intramural. Contrary to rumor, the Ivy schools are not involved in a conspiracy. They get together only to make certain that financial-aid applicants are offered the same tuition reductions at every school. If Brown's admissions committee has given A's to more needy students than the college can afford with its $1.25 million financial-aid budget, a few A's will become Z's, a cutback Brown has been forced to make only twice in ten years...