Word: trillion
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Dates: during 1970-1979
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...solution that would include draconian measures. Says Grove: "The ideal program would be very sharp fiscal and monetary policies buttressed at the outset by wage and price controls. The controls would be cosmetic, to convince people that the program is really going to work." Okun scorns this as the "trillion-dollar cure," meaning that it would cost the nation that much in lost production. He believes that such a solution would be "disastrous" because "it would have broad ramifications on the confidence in our whole institutional structure that would resurrect the darkest days of the 1930s...
...portion of Alberta's 140 trillion cubic feet of natural gas could arrive in New England within two years if the proposed Quebec-Maritime-Maine pipeline is approved by the Canadian National Energy Board, Lee Richardson, one of Lougheed's aides, said yesterday...
...located almost directly between the earth and a distant star, its tremendous gravity would act as a "gravitational lens" that could bend the starlight into two different paths. To produce the effect observed at Kitt Peak, the astronomers calculated, a huge galaxy or a black hole at least 10 trillion times as massive as the sun would be required...
...oilmen to drill into sites that previously were considered too risky or too costly to develop. Some experts figure that new oil finds in the four-state region could add about 50% to the nation's 29 billion bbl. of "proven" reserves and 40% to the 212 trillion cu. ft. of natural...
...years or more, and environmental objections and court protests might drag out projects even longer. The size of the spending appears smaller when reckoned at an average $14 billion a year, spread out over ten years. That is a relatively small part of an economy that now produces $2.3 trillion worth of goods and services annually...