Word: boxes
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Dates: during 1980-1989
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...European Community, more than 11 million people, or 10.3% of the work force, are unemployed. Developing nations from Africa and Asia to Latin America are staggering under a $626 billion foreign-debt load. A string of near defaults on loans to Mexico, Argentina and now Brazil (see box) has rocked the international monetary system...
...restrain their capital spending. After the cut in the discount rate last week, long-term interest rates initially fell, but they bounced back up again, partly out of concern that the Federal Reserve was easing too much and risking future inflation. Concluded Greenspan: "The Fed is in a box...
...stopped facing the main entrance of the Washington Monument. Emblazoned on its side was his message, #1 PRIORITY: BAN NUCLEAR WEAPONS. A man in a dark blue jumpsuit and a black motorcycle helmet with a visor covering his face emerged from the van, brandishing a menacing-looking black box. He announced that his van contained 1,000 Ibs. of TNT with which he threatened to reduce the monument to "a pile of rocks." He brusquely handed a park ranger a manila envelope. In a handwritten message on the outside of the envelope he declared his intention to negotiate only with...
Meanwhile, FBI explosives experts concluded that the black box with the antenna clutched by Mayer was a miniature radio transmitter fully capable of detonating an explosion. Although the blast from 1,000 Ibs. of TNT would probably have only scarred the marble face of the monument, it could have sent out a concussive wave creating an arc of destruction from the White House to the Potomac. Seven nearby museums were evacuated, and a White House luncheon given by President Reagan was moved out of the room facing the monument...
...imposing austerity, De la Madrid could be faced with a different kind of crisis from within his own political power base, Mexico's Institutional Revolutionary Party (P.R.I.), which since 1929 has exercised a monopoly over Mexican political life (see box). Like the eleven Presidents who have held office in the past half-century, De la Madrid was hand-picked by his predecessor after secret consultations with a tiny group of economic and political oligarchs. According to the official returns, he won the national election last July with 74.4% of the 23.6 million votes cast...