Word: ago
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Dates: during 1970-1979
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...discovered previously during magnetic and gravitational surveys: a great underground rift in the earth's crust marked by the subsidence of rock over an area at least 190 km (120 miles) long and 50 km (30 miles) wide. Scientists believe this rift was created several hundred million years ago, when the North American plate began to split and molten rock from the interior welled toward the surface. Though the breakup halted-for reasons as inexplicable as the original movement-a weak area remains in the form of the rift...
...began almost a year ago as an attempt to "clear the air" and "restore public confidence." When it ended last week, it was apparent that an unprecedented and excruciating investigation of the California Supreme Court had not succeeded in achieving either goal. The final report by California's commission on judicial performance briefly stated that "no formal charges will be filed against any supreme court justice." It was a less than conclusive judgment and thus left impaired the reputation of a court long considered among the most enlightened in the nation...
When he boldly 'tackled the twin problems of runaway inflation at home and a hemorrhaging dollar abroad by tightening credit and raising interest rates a month ago, Federal Reserve Chairman Paul Volcker was almost universally hailed. The road down from 13% inflation would be long and difficult, but it was also imperative; and Volcker's policy was acclaimed as necessary. Now the costs of the descent are beginning to become evident...
...Three auto sales last month were down a jarring 23% from a year ago, and the industry has laid off 93,600 of its 765,400 hourly workers. Executive recruiters are receiving considerably fewer requests to find and hire managers...
...same month last year, but prices have eased from an average of $93,000 in 1978 to about $85,000 today. In New York City, both demand and prices remain high, and luxury four-room apartments are selling for an average of $ 160,000, vs. $ 100,000 a year ago...