Word: bit
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Dates: during 1970-1979
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...would build two military bases in Israel's Negev desert to compensate for Israeli withdrawal from three airfields in the Sinai. Though no connection was formally drawn between the airfields and the settlements, the message was clear enough. Before leaving for Israel, Begin seemed to relent a bit. He said he would consult other members of the Israeli delegation, whose own statements have been closer to the U.S. position. "I will respect their better memory," he pledged...
...Martinez, the newspaper heiress's attorney, sent a pardon application to Attorney General Griffin Bell. After reviewing her case?a process that could take as long as 90 days ?Bell will pass on his recommendations to President Carter, who will make the final decision. Trying to do her bit, Patty sometimes wears a T shirt that reads PARDON ME on the front and, on the back, BEING KIDNAPED MEANS ALWAYS HAVING TO SAY YOU'RE SORRY...
...Heath's new Tory government, which came to power in 1970, seems to have wanted to know as little as possible about the matter. Lord Home, Foreign Secretary under Heath, explains a bit lamely that the oil sanction issue "was never discussed." The Tories' see-no-evil, hear-no-evil policy apparently helped prompt the oil companies to drop the oil-swapping sham and return to direct shipments through Lourenço Marques. Not until a newly independent Mozambican government closed that door in 1976 did the trade stop. Today Rhodesia gets its oil directly from South Africa's supplies...
...still going up; major banks have just raised their basic charge on business loans to 9½%, from 9% in early summer and 8% at the start of the year. However, board members generally expect that interest rates will peak out before the end of 1978, and back down a bit next year. Nathan foresees declines of around a point on most borrowing rates, and a half-point or more on mortgage loans, which now cost home buyers an average 9.7%. Meanwhile, the economy seems to be developing a surprising immunity to high interest rates. Housing has often led the nation...
...month-long expansion has been moderate so far, and has not produced the excesses?a too rapid pile-up of business inventories, for example?that can be corrected only by recession. Consumer buying has held up fairly well, business investment in new plant and equipment is picking up a bit, and both should be spurred by the tax reduction of $16 billion to $18 billion a year that Congress is about to enact. In 1979, though, that cut will just about offset the impact of higher Social Security taxes and the erosion of both consumer and business purchasing power caused...