Word: airing
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Dates: during 1970-1979
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...like a baseball bat hitting a rotten stump," he recalls. The bulkhead below the 600-kw generator bulged from hydrostatic pressure and quietly let go. MacArthur (who owns the mill) turned, horrified, to see 100 tons of concrete, studded with steel reinforcing rods, tossed lightly into the springtime air as thousands of gallons of water poured back into the river with the agonizing casualness of all spilled energy...
...shops, two pool halls, a drive-in movie and a motel, Nixon read banners that said THANKS FOR REVENUE SHARING, NIXON IS THE ONE, and NOW MORE THAN EVER. After a night in the motel, Nixon rode to the dedication, where he sat drenched in sweat in a non-air-conditioned auditorium packed with 4,500 people in 95° heat. A stream of east Kentucky dignitaries took their bows. Then Nixon, who looked wilted and dazed in those ceremonies, rallied for a 40-minute speech notable for its force and its predictability (the U.S. needs a strong military...
...clearly intended as a warning to the Syrians by the Israelis, who also strengthened their positions along the Golan Heights and their border with Lebanon. Declared Major General Shlomo Gazit, chief of Israeli military intelligence: "Israel will not watch peacefully the Christian massacre in Beirut." In response, the Syrian air force went on alert, and Damascus rushed armored units of its own to the Golan Heights, where its usual three divisions had been pared to one because of peacekeeping responsibilities in Lebanon...
Queen Elizabeth's birthday is celebrated with a full-dress military parade and a flyby of the Brunei air force, which consists of twelve helicopters. The English commander of the 1,000-man Royal Brunei Malay Regiment is in effect the sultanate's Defense Minister. The British High Commissioner handles foreign affairs and is chauffeured about the capital of Bandar Seri Begawan in a huge silver Daimler, given to him by the sultan. One of the few points of interest in the sleepy capital is a museum honoring Winston Churchill. Another landmark is the Royal Brunei Yacht Club...
...probably set the right money-growth target, but hitting it is about as difficult as fine-tuning a color TV set while wearing boxing gloves. The Federal Reserve controls money by the indirect method of buying or selling Government securities. When it buys, it creates money out of thin air; it pays with its own checks, which the sellers?individuals and corporations?deposit in their bank accounts. The checks become new money, available to be loaned out. When the Fed sells Government securities, it withdraws money from circulation; the buyers pay with checks that disappear into Federal Reserve vaults, never...