Word: broking
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Dates: during 1970-1979
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Still, Teng managed to survive until a power struggle broke out in 1966 between Mao and Chief of State Liu Shao-ch'i. Mao felt that Liu and his pragmatic allies, of whom Teng was foremost, had created highly bureaucratic "independent kingdoms" based on a system that was unresponsive to the needs of the party and the people. In 1965 Liu was denounced as a "renegade, scab and traitor," expelled from the Communist Party "forever" and sent to prison, where he reportedly died in 1973. (There are rumors in Peking that his reputation may be cleared posthumously...
...news broke at a time when the President was trying to finish the difficult budget for fiscal 1980 (and suffering from a flare-up of hemorrhoids that forced him to cancel all appointments on Thursday). Administration economists immediately tried to calculate what the damage from the OPEC price hike would be for 1979. They estimated that the cost of petroleum products, ranging from heating oil to gasoline, would rise 3? to 5? a gallon. The inflation rate, now projected at 7.5% for next year, would rise by another .3%. The rate of economic growth, they estimated, would be trimmed...
...related Hua's announcement. There were handshakes all around. The feelings of the man on the street may not have been as enthusiastic as Ho's, but most Chinese felt some satisfaction over the change. A Communist border guard near Hong Kong spotted a tourist's American passport, broke into a broad grin and exclaimed: 'We're friends...
...safest in the world. The "valuable room," a white brick structure about one story high, is rigged with electronic alarms and monitored 24 hours a day by closed-circuit television. Yet last week six masked men, acting with speed and daring worthy of Lufthansa's own Red Baron, broke through this security to pull off the biggest cash robbery ever in U.S. history...
...third and fourth Ridgewood, N.J., youngsters to die by their own hands in the past 18 months. The suicides sent shock waves through the affluent suburb (pop. 27,500), only 20 miles from Manhattan. Students cried unashamedly in school halls and embraced each other. A school official broke down during an interview. Bewildered parents repeatedly asked, "Why is it happening here...