Word: accounts
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Dates: during 1970-1979
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...will surely see as never before that it is the President and only the President who can give an Administration, indeed a nation, direction and force. Jimmy Carter by every account was the one who moved Israel and Egypt, who almost without hope held them together when they threatened to fly apart, who abandoned his Sunday-school pieties for the hard realities of geography and people, yet never lost his basic goodness, perhaps his greatest strength...
...from jail. Said one prisoner on his release: "They let us out fast so they'd have room for all the fat cats." Several hundred other political dissidents, including the head of the Iranian Committee for Human Rights and his deputy and two mullahs-one with a bank account of $1.5 million-were charged with seeking to overthrow the Shah...
...other great tax thrust of the past decade-the effort to use the system to shift wealth from richer citizens to poorer ones through various forms of transfer payments-it has gone about as far as it can. Transfer payments, such as Social Security and welfare benefits, account for more of the federal budget than anything else, including defense, and probably cannot be increased further, either as a practical or a political matter. The public's mood, as Conable described it, is, "Quit all this talking about equity, and cut my taxes...
Direct debiting. Though Visa and Master Charge cards have traditionally been issued only by commercial banks, other lending institutions are preparing to jump into the field. A mutual savings bank in Washington State has issued a card that directly debits a customer's savings account for the amount he charges. Some 60 banks are now issuing Visa cards that debit directly against a cardholder's checking account...
...especially praised. The LDCs also benefited from the relatively strong demand for raw materials, which helped boost their exports last year 14%, or in dollar terms to $291.1 billion. Mexico and South Korea did well with manufactured exports, increasing their shipments 20% and 18% respectively. All told, the current account deficits of the LDCs fell from $37.2 billion in 1975 to $22 billion last year...