Word: buildings
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Dates: during 1970-1979
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...when he first launched the Soviet pitch in East Berlin on Oct. 6. On the one hand, he warned that if NATO carried out its ''dangerous'' plan, the Warsaw Pact would have to ''take necessary extra steps''-meaning an additional arms build-up of its own. On the other hand, he renewed Moscow's proposal for a Continental disarmament conference to promote further ''military detente in Europe.'' As the most tempting carrot of all, he announced the unilateral withdrawal over the next year of as many...
...international bankers find this money eminently spendable. If Exxon earns $100 million on sales in Europe and deposits it in a U.S. bank's Lon don branch, the money becomes Eurodollars, and the bank can lend it to some other company to build a plant in Turin or Trenton. Because the dol lars are outside the U.S., the bank is free from Federal Reserve rules that require it to keep as much as 16.25% of its U.S. demand deposits frozen rather than loaned out. Since this free dom lowers the bank's costs, it can pay perhaps...
When Britain in the 1950s and the U.S. in the 1960s tried to bolster their sagging balance of payments by forbidding companies to export pounds or dollars to build plants abroad, businesses evaded the controls by borrowing in the Eurodollar market. The amount of Eurodollars available for borrowing sharply increased after the 1973-74 jump in oil prices. Members of the Organization of Petroleum Exporting Countries, unable to spend their petroprofits fast enough, began parking many surplus dollars in banks outside the U.S. Cartel members now have $74 billion in these Eurodollar deposits. Bankers also started lending large amounts...
Apple is the fruit of Jobs and another college dropout, Stephen Wozniak, 26, both of whom had worked for West Coast electronics firms. In 1976 they sold a Volkswagen Micro Bus and a calculator to scrape together $1,300 to build a small computer in Jobs' garage. It took them six months to design the prototype, 40 hours to build it from scrounged parts, and no time at all to sell it to a retail computer store in California. Says Jobs: ''To our amazement, the store ordered 50.''The Apple Computer-so christened by Jobs...
...believe the city should take property to build housing," he told the League of Women Voters earlier this fall. "No city or government should build housing," he added...