Word: 1930s
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Dates: during 1970-1979
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Corcoran drafted much New Deal legislation as one of FDR's chief lieutenants, but in the past 20 years he has been criticized for defending the business world that he helped to regulate in the 1930s...
Last week the unthinkable happened: the U.D.C. found itself unable to pay off $104. 5 million in one-year bond-anticipation notes. It was one of the big gest defaults by a public agency since the 1930s, and it posed a severe test of the value of the so-called moral-obligation bonds that the U.D.C. and other agencies have issued in recent years. The default posed the possibility that the agency could be besieged by a rush of lawsuits filed by creditors demanding immediate payment of its entire $1.1 billion in out standing bonded debt. Conceivably, such a siege...
...discussing the possibility of a merger with Eastern Airlines, American Airlines or TWA (which is having its own problems: 1974 losses totaled $23.6 million). At week's end Pan Am asked the CAB for authority to suspend much of its service in the Caribbean, where in the mid-1930s its globe-girdling expansion first took wing...
...paper comes down." One of the oldest comics, Little Orphan Annie, first drawn by Harold Gray in 1924, is also one of the most topical strips. Gray died in 1968; the strips that run today in 300 papers were all drawn by him during the Depression of the 1930s. "S'po sin' we are pretty hard up right now," Annie recently told her companion Ginger, a flower vendor, in a rerun of a Nov. 19, 1936 panel. "What of it?" Annie continues. "We know doggoned well we're not goin' to stay that...
...Viet Nam, North Korea, Pakistan and a few revolutionary movements in Africa. Poland is a major outlet for the Warsaw Pact's surplus tanks. Czechoslovakia, whose famed Bren gun as well as the Skoda Works' howitzers made the country second only to Britain as a weapons merchant in the 1930s, has dropped from the big leagues. It sells some jet trainers to other Communist states and Syria, and mortars to Cuba; normally, however, Prague serves as a front for Moscow in politically sensitive transfers like the 1955 arms sale to Egypt?the first Communist penetration into the Middle East...