Word: worsening
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Dates: during 1970-1979
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...already suffering increasing economic upset from energy inflation, and now the malaise will worsen. According to Administration calculations, the cost of crude oil imported into the U.S., which last month averaged $25 per bbl., will rise to from $28 to $30. Several of the nation's most important OPEC suppliers, including Nigeria and Libya, are also among those that lifted their prices the most...
...Sunday, while the Iranians were still making preparations to release the first of the hostages, came a shocking announcement that promised only to worsen the crisis. Many of the remaining hostages, proclaimed a spokesman for the students, would now be tried for espionage in the Islamic Revolutionary Courts and "punished in accordance with the severity of their crimes." The Ayatullah himself later confirmed the scheme, adding that the trials would only be halted and the hostages let go if the U.S. returned the Shah. Warned a senior official of West Germany's foreign ministry when told of the threat: "With...
...Carter, he knew that the attack in Iran would inevitably worsen his "leadership" problem and make his quest for a second term more difficult. The circumstances required a restrained response and infinite patience; yet this very stance would reinforce the public's perception of the President as a poor leader. Carter must have recognized the potential damage to his candidacy, but concluded that he had little choice...
This is a burdensome new "tax" that will worsen the already deepening recession by reducing the amount of cash Americans have for spending on all sorts of nonessentials, ranging from new cars and skiing holidays to Christmas presents and charitable contributions. A typical fuel bill for an oil-heated home, about $650 last year, is expected to climb to between $ 1,060 and $ 1,200 this year. In 1978 the average American worker had to labor for 19 hr. every month of the heating season to pay his fuel-oil bill; this winter he will have to work a walloping...
...over as Federal Reserve chairman, businessmen's basic cost of borrowing money has jumped from 11.75% to 13.5%, the highest in history. Most board members hold that the increases will soon stop but interest rates will remain steep over the next year. Some fear that the Fed may worsen the recession by inducing a classic credit crunch, in which little money is available for borrowing to finance new plants and create jobs...