Word: beene
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Dates: during 1970-1979
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The stories of Brezhnev's demise gathered momentum when Agence France Presse reported from Brussels that Moscow's regular evening news program had been canceled for important state reasons; the press agency speculated that an announcement about Brezhnev's health was imminent. In fact, the Moscow news...
After a series of inflammatory antigovernment rallies, 3,000 university students tore through the streets of Pusan last week, attacking government offices with rocks and fire bombs and battling police far into the night. The Seoul government denied student claims that five demonstrators had been killed, but admitted that six...
The essential problem, as the Saudi Minister Sheik Ahmed Zaki Yamani admitted during a visit to Washington last week, is that OPEC has "lost control" of price levels. It is now up to the oil-consuming nations to limit price increases by curbing demand. Yamani's point is well...
Last week the Commerce Department reported that the nation's output of goods and services, which had declined at an annual rate of 2.3% in the second quarter, actually rose again by 2.4% in the July-September period. Since a recession is commonly defined as two consecutive quarters of...
Already the cost of money for almost all purposes is soaring. Federal Home Loan Bank Board Chairman Jay Janis predicts that mortgage rates, which now average 11.5% nationwide, could reach 14% by January. Meanwhile, the ability of consumers to pay for costlier credit, oil and everything else is rapidly declining...