Word: transports
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Dates: during 1970-1979
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...possible further problem for Lance is that as OMB chief he has often relied for air transport on the planes of corporate friends, some of whom are bankers. On April 24 he flew-without charge-from Atlanta to San Francisco in the private jet of Cox Enterprises, one of whose major shareholders is Anne Cox Chambers, Jimmy Carter's choice for Ambassador to Belgium. On May 17 he flew from Washington to Knoxville, Tenn., and back aboard the private jet of Knoxville's United American Bank, from which Lance has a $443,000 loan outstanding. Then the plane...
...legislation that would require at least 9.5% of all U.S. oil imports to be shipped in American-flag vessels by 1982. Greater use of the more expensively operated U.S. ships would eventually create jobs for 2.500 additional U.S. seafarers and. at the very least, add $110 million in increased transport costs to the nation's oil import bill...
Ignoring the plea of their chief, delegates to the convention of the Transport and General Workers' Union last week voted for a motion that effectively scuttled the landmark agreement on wage restraint between Britain's unions and the Labor government of Prime Minister James Callaghan. The vote to demand substantial wage increases was a deep personal humiliation for Jones, who in 1973 had helped draw up the agreement. In a weary voice, he declared that the TGWU action would lead to "a wage scramble, renewed inflation, increased unemployment and new trouble for the pound...
...worried variously about high taxes, inflation (current annual rate: 21%), and the political gains of the Communist Party. As many as 254 Swiss banks or branches located in Ticino compete fiercely for these loose lire. Some of the banks are suspected of collaborating in the smuggling, either by providing transport or by bribing low-level diplomatic officials to make currency runs in their cars, which are exempt from border inspections...
...keeping with its grandeur and technical sophistication, it has produced unprecedented engineering, financial, environmental and legal headaches. Not all have been alleviated; surprisingly, in view of the U.S. energy pinch, the pipeline's operators are most uncertain where they can market all the oil that the line will transport (there has even been talk of shipping some to Japan). Nonetheless, this week-nearly a decade after the project's conception and more than three years after construction started-the Alaska pipeline begins carrying its first oil through nearly 800 miles of forbidding wilderness, from Prudhoe Bay north...