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Nearly 35 Years Later, "Newsweek" Again Steps On The Gas.

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The surging price of oil--$4.00-per-gallon for gasoline and climbing--and the effect on every aspect of the U.S. economy made Newsweek's June 16 A New Kind of Recession presci-ent. Same can be said for September 17, 1973, when the early signs of an Arab Oil Squeeze led to the cover of a "sheik"...


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