Word: wrung
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Dates: during 1970-1979
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...economy, business would simmer down and so, too, would prices. For a few "awkward months," predicted Nixon's economists, the nation would suffer mild "slowing pains" of high interest rates, little growth in production, some drop in profits and a moderate rise in unemployment. Eventually, inflationary pressure would be wrung out of the economy and normal expansion of output and hiring could resume...
...Wrung Out. The Shah's current five-year plan calls for $10.8 billion in development spending. Oil, which is the economy's basic fuel, must pay much of the bill. Last year the Shah demanded slightly more than $1 billion in revenues. To meet that goal, the European-American consortium that brings out more than 90% of the nation's oil increased production by 14.8% to well over 1 billion bbl. a year. But with the glut in world markets, the consortium could sell only enough to raise $930 million and had to make up the difference...
Since there is a limit to the money that can be wrung from oil, the government is giving increased attention to the transformation of the southwestern province of Khuzestan into a huge agricultural-industrial complex. In addition, great copper deposits are being mined in the Kerman area of central Iran. A dozen major dams are under construction around the country...
...that, through being skipped, through never having had a generational voice, was forced into the broadest possible America," she writes. "In a way, in culture and in politics, we are the last custodians of language-because of the books we read and because history, in our time, has wrung so many changes on the meaning of terms and we, having never generationally perpetrated anything, have no commitment to any distortion of them...