Word: worsens
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Still, the shortages worsen. The New York State Public Service Commission last week proposed a statewide 5% cut in electrical power output, which would douse nearly all outdoor advertising and cause store-window lights to blink off after 9:30 p.m. and office-building and parking-lot lights to go dark three hours after the close of business every night. Texaco announced that its deliveries of home heating oil, diesel and tractor fuel to distributors this month will be 27% lower than in December last year. At that, the American shortages are mild compared with those in Europe, where bitter...
...that the United States and the Saigon regime fulfill their end of the January bargain. He asserted that the Saigon government could not stand without U.S. aid. An aid cutoff would have an important but not decisive influence on events in the South. Siphan said that as economic conditions worsen and the morale of the populace and the army sinks, the people will force President Thieu to obey the peace agreement...
...usual custom, she has rarely been out of New Delhi for the past two months and has displayed little leadership this year. Opinion polls, which gave her a whopping 93% approbation after her electoral and military victories of 1971-72, dropped her to 50% last June; and as conditions worsen, so do her ratings. India is suffering from a nationwide sense of depression, frustration and malaise. Yet, Mrs. Gandhi's only advice to her Independence Day audience was to stop complaining and instead "work to build a new India." But to that end, her own government has delivered more...
Ironically, if the new rules do prompt a flood of U.S. investment, the outflow will temporarily worsen the enormous American balance of payments deficit with Japan. Profits from the investments, however, eventually would shrink the deficit again. In any case, the liberalization is welcome, and should help soothe the often acrimonious relations between the two mightiest economies in the non-Communist world. It will constitute a long-overdue recognition of reality: Japan's economy has grown far too powerful either to need or deserve protection...
Paradoxically, the short-term effect of devaluation will be to worsen the American trade deficit: more dollars will have to be paid for imports already on order. After that initial impact is past, however, there are reasons to expect that the present devaluation will be more successful than the last. After the first devaluation, quite a few foreign producers were so eager to keep their share of the rich U.S. market that they did not raise their American prices but instead reduced profit margins. Now they do not have much profit left to bite into, and they will have...