Word: aprils
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Dates: during 1970-1979
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...member of TIME's Board of Economists. The Government has made no official announcement of this (a recession is customarily defined as two quarters of declining production), but it unofficially estimated last week that national output of goods and services dropped at an annual rate of 2.4% from April through June. OPEC's oil boosts make this downturn immeasurably harder to reverse; they will drain perhaps $30 billion out of Americans' pockets by the end of 1980. Unemployment has been holding steady at just under 6% so far this year, but is sure to rise?perhaps...
...fact, Israel is not merely retaliating against terrorist raids or bombings. Since the death of four Israelis during an April 22 Palestinian raid on the town of Nahariya, Israel has been conducting preemptive strikes into Lebanon. In Washington's view, the new policy risks a direct Israeli confrontation with the Syrians, whose more than 22,000 troops constitute the principal peace-keeping force in Lebanon. After the air battle, Syria reportedly issued orders for its MiGs to intercept all Israeli flights over Lebanon. In turn, Premier Begin told the Jewish Assembly: "Damascus should know that they...
...left Harvard after President Bok rejected the Biology Department's April 1977 recommendation to grant him tenure and postponed a final decision...
...numbers would appear in the newscasts that night and the papers the next day: nearly 600 charged with criminal tresspassing in the largest act of anti-nuclear in the largest act of anti-nuclear civil disobedience since "the Seabrook 1414" in April 1977, and over 15,000 at a separate legal rally held on a strip of beach a mile from the Shoreham reactor...
...thrifts are nervous because for the first time since the early 1970s, when interest rates surged on the eve of the 1973-74 recession, they have been losing deposits in a big way. April, for instance, is normally a poor month for the savings banks, since their customers commonly make large withdrawals to pay taxes. But April 1979 was by far the cruelest ever: nationwide, savings and loan institutions lost $1.5 billion in deposits (vs. an increase of $400 million last year). They gained back $1.2 billion in May, but that was considerably below last year's more normal...