Word: trillion
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Dates: during 1970-1979
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...Urban Development's first try at a departmental budget and ordered a redraft that knocked out expensive new spending programs. Moreover, Carter pledged that he would try to reduce the role of Government spending in what is now a $2 trillion economy* from about 22% of gross national product next fiscal year to 21% by the time his first term ends in 1981. That is a goal that the most crustily conservative Republican businessman could wholeheartedly endorse, if he happened to believe that the President meant...
Some of the problems confronting him are old and only partially under his control; others are more of his own making. In a free system, no President can control the $2 trillion U.S. economy, but it can be guided and nudged. To date, Carter has been inconsistent on a number of issues; his on-again, off-again proposals for tax rebates and "reform," for example, have eroded business confidence. Both the Panama Canal treaty and the SALT talks have inched fitfully along under previous Administrations; Carter has pushed them hard but has sometimes acted prematurely, failing to soften up opponents...
...Mystery Reader's Companion. "Perpetrated" by Dilys Winn (Workman Publishing; 522 pages; $14.95 hardcover, $7.95 paper). For devotees of mysteries, thrillers and spy stories, this is the unputdownable reference work and ultimate argument settler. How many of those "little gray cells" did Hercule Poirot have? (One trillion.) Nero Wolfe's actual weight? (One-seventh of a ton.) Which British poet laureate and which U.S. President wrote murder stories? (C. Day Lewis and Abraham Lincoln.) With 150 contributions about crime writers, cops, critics, scientists, ex-spies, a stoolie, a butler who didn't do it and many others...
...hitting pay zones. That promises new production not only for Louisiana but for an energy-hungry nation that counts natural gas as both its cleanest-burning and most critically scarce fuel. Last week the Louisiana Office of Conservation estimated that gas reserves in the Tuscaloosa Sand may reach 3 trillion cu. ft. That would be equal to 86% of last year's production in Louisiana, which leads the nation in gas output, and 18% of annual consumption in the whole country. To its discoverers that much gas would be worth $5.5 billion at existing wellhead prices on Louisiana...
...potential bonanza lies near by, in the "geopressured" zones full of hot, salty water and dissolved gas that underlie thousands of square miles along the Gulf Coast. David Lombard, a physicist for the Department of Energy, asserts: "If everything works, we will have as a goal to produce 2 trillion cu. ft. of gas a year from geopressured zones by the year 2000." That would equal 10% of the present U.S. gas consumption...