U.S. Economy Voices Diminished Global Influence
Amid rising energy costs and inflation, American living standards are seen shrinking as policy leverages falter abroad. Carter plans Tokyo summit June 28 29 and Blumenthal cautions the U.S. must align with world economic health. Trade deficits near 29 billion, with 12 billion from Japan.
MENTIONED IN THIS ARTICLE
U.S
Carter
Tokyo
United States
Treasury
W. Michael Blumenthal
Congressional
U.S. Economic Vulnerability From Rising Oil Prices
After World War II the United States faced growing foreign influence on its economy. The 1973 74 oil price shocks revealed dependence on imported energy, with nearly half of U.S. oil needs now imported at a cost of 40 billion dollars. Inflation and Vietnam war costs deepened instability, while officials urge adaptation and lower living standards to cope.
MENTIONED IN THIS ARTICLE
U.S
United States
Japan
Germany
OPEC
Vietnam
Alfred E. Kahn
Carter
Nixon
Crossword Puzzle Across Space Flig Term 4
Across clues include Little girl informal seven letters Old Irish script eleven letters and many entries from rails to Norse poem Eternity Japanese coin and Bermuda arrowfoot. The grid lists terms such as lariat var sedative sandarac records fury and ligatures among many others.
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