Word: augusts
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Dates: during 1970-1979
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SALT'S backers acknowledge that the dismay in Congress over the Soviet brigade has given the initiative, at least temporarily, to the treaty's opponents. This has dramatically reversed the situation that existed when Congress recessed for its August vacation, after holding almost a month of SALT hearings. Sentiment then had been building in favor of the treaty. The threat of crippling amendments had faded, and a number of undecided Senators seemed prepared to vote for the treaty if it were accompanied by an increase in defense spending. The Administration went along with that and was reported last week...
...summer vacation is supposed to give people a lift, then the nation's lawmakers might just as well have skipped the August recess and stayed in Washington. Said Massachusetts Republican Representative Silvio Conte as he returned to the Hill last week with his colleagues: "Congress is in an ugly mood. The members have been home and they got the message." Said New York Republican Congressman Barber Conable: "The mood is one of grim determination. The members are ready to get on with it and are looking for a tough fall...
...wallet-popping $341 an ounce before settling back at week's end to $329. The Dow Jones industrial average, which had been rising since July, plunged 15 points in one day, the largest decline since last December. Other news was also depressing. Wholesale prices rose in August at an annual rate of 15.4%, which portends still higher consumer prices in the autumn, and unemployment climbed during the month from...
...Treasury's auction late in August, Schreiber bid $301 per oz. for gold that had been selling the day before at $299; Dresdner acquired 720,000 of the 750,000 oz. that were on sale. Many competitors thought that Schreiber had paid too dearly, but as of last week Dresdner and its customers had earned more than $23 million on those transactions...
...much for good intentions. During the past fiscal year, monthly spending commitments by Government ranged between $39.5 billion and $51.2 billion a month until September, when it leaped to $86.8 billion. For example, Government spending (leaving aside the military) to acquire land and buildings jumped from $307 million in August 1978 to $1 billion in September...