Word: buildings
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Dates: during 1970-1979
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...primarily structural, the supply of money has little effect on prices. But it has tremendous effects on the construction industry and the housing market. When the Fed tightens money, interest rates zoom (up to 10 per cent at present), and people can't afford to borrow money to build or buy housing. Construction workers go on welfare, real estate values skyrocket, and you just get more inflation...
Meanwhile, everyone is waiting for an imminent announcement of new plans for renovating the Fogg. Last November Fogg officials said they would take over Burr Hall for the Fine Arts Library and build a new wing onto the museum...
This inflamed controversy concerned the Israeli settlements on the West Bank. U.S. officials thought that Begin had agreed not to build any more of these communities during the five-year transition period while the Israelis and Arabs negotiate the future of the West Bank. Not so, said Begin. The only "negotiations" he had in mind were the three-month talks scheduled to lead to a peace treaty with Egypt. He had never, he insisted, made any commitment for a moratorium longer than that...
...that. It's not proper to show to the media texts that have not been approved." But he didn't budge on the settlements, which the U.S. has repeatedly declared to be "illegal." To put further pressure on Begin, the U.S. withheld a letter promising that the U.S. 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...
...veterans have survived past attempts at reform, and many of them are determined to tough out the current investigations. Said Alto: "You wouldn't believe the resistance we are meeting." So far, despite President Carter's instructions that he net some "bigger fish," Alto has been able to build cases against only small-fry officials and contractors...