Word: accountability
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Dates: during 1970-1979
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...Carter even outdid the Senator in calling for new spending by taking issue with his assertion that there had been impressive gains in the amount allocated for mental health research. Taking inflation into account, she pointed out, research spending has declined in the past decade. But Kennedy got in the last word. He promised to study Rosalynn's recommendations carefully and, echoing one of Jimmy Carter's pet campaign phrases, added: "To quote a great American, 'You can depend...
...news out of Iran has been like that: rarely has reporting from anywhere been so tentative. Dispatches are full of "Little is known about . " "A day of contradictory developments ..." "Other sources gave a slightly different account ..." "How many civilians harbor such feelings is impossible to say since many keep their views to themselves." Only when Ramsey Clark after a short visit, proclaimed that 99% of the people were behind Khomeini did the New York Times's R.W. Apple Jr. commit himself to a "conservative guess" that at least 15% to 20% of Iranians were antagonistic or indifferent...
...firms are scaling back because since the 1974 oil crisis and recession, Europe's economy has been whiplashed by slow growth, sagging sales and fast-rising costs, particularly in labor. Even after inflation is taken into account, hourly wages since 1970 have jumped 61% in Belgium and 70% in Italy; in the U.S., they have increased by only 12%. With the U.S. now growing faster than Europe, multinational managers have to shave expenses or else risk having their European operations drag down the performance of the parent companies as well. As a result, businessmen are cutting their European costs...
Their popularity has soared along with T-bill rates, which have climbed from 7.75% in June to a high of nearly 10% in January, although lately the rate has eased back slightly. Already MMCs account for a startling $80 billion in deposits, and some bankers are wondering whether they were such a good idea. Their purpose was to keep banks flush with mortgage money, which dries up when interest rates rise and people begin emptying out savings accounts to buy high-interest bonds. While the MMCs have prevented that from happening, they have also led banks into a tight profit...
...photographs in the Midwest, worked as a $25-a-week movie critic, and then wandered into a job with an American organization distributing food and medical relief to postwar Europe. Thus, in 1922, the young Sonnenberg went back to Europe-armed this time with a salary and an expense account. He went to Rome, London and Paris; "the significance of having a man draw your bath and lay out your clothes," he told The New Yorker a quarter of a century later, "burst upon me like a revelation ... I think it was while feeding the people in Odessa, paradoxically, that...