Word: weathers
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Dates: during 1970-1979
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...families, friends and alumni fill the Tercentenary Theatre today under mostly sunny skies predicted by the National Weather Service, 1432 seniors will attend Commencement exercises and later receive their diplomas at House luncheon ceremonies...
Winter's Cold. "The worst is over," says United California Bank Economist Raymond Jallow in Los Angeles. Jallow and other economists believe that the price spurt in the past months was due mainly to the economic effects of last winter's cold weather. Moreover, Townsend-Greenspan & Co., the New York consulting firm headed by Alan Greenspan, a member of TIME'S Board of Economists and formerly Gerald Ford's chief economic adviser, notes that "the chances of a significant acceleration in inflation rates as the economy moves into 1978 appear to be diminishing...
Also, if the weather turns bad, the seniors and their relatives will have to pack into the courts and under the tent. "If you think what you heard about last year was bad," Koivumaki said yesterday, "you should have heard about the year it rained...
There was healthy news on other fronts. Despite the bitter winter weather, the nation's total output of goods and services was revised upward to an annual rate of 6.4% - adjusted for inflation - during the first quarter. The preliminary figure released in April - 5.2% - was some what less rosy because earlier guesstimates about the pace at which businessmen were rebuilding their inventories had been too low. Industrial production remained strong in April, rising by nearly 1%. Although housing starts, at an annual rate of 1.8 million, were down from the March level, they were still an impressive 35% ahead...
...price war. Despite winter storms that hindered tanker loadings at Saudi ports and heightened U.S. demand for imported petroleum, the lower Saudi and Emirate prices forced the increase in the average world price of oil to remain a couple of percentage points below the posted 10%. Now, as warm weather reduces heating-oil demand, the world oil market has softened somewhat, making price more important than ever. As a result, Saudi and Emirate sales have been soaring; Saudi output, averaging 10 million bbl. per day, has increased more than 15% since last year. A fire at an Aramco facility...