Word: bursting
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Dates: during 1970-1979
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Considering how easily Samuelson, the general manager of Esso's Campana refinery, was kidnaped, foreign executives had reason to worry. Eight E.R.P. terrorists burst into the club run by Esso for employees of its Campana plant, 50 miles northwest of Buenos Aires. They headed straight for the table where Samuelson sat lunching with friends. Six other kidnapers, who had earlier infiltrated the club, quickly rose from their tables to help shove the American into a getaway car. Several days later a photograph was sent to Buenos Aires newspapers by the E.R.P. showing a nervous Samuelson posed in front...
PRICES. Even before the energy crisis burst, the U.S. was in for a year of rising prices largely because of continuing shortages of many other products. Now the surge in petroleum costs will add devastating inflationary momentum; posted prices of Middle East crude oil have about tripled in recent months. For much of the first half of 1974, consumer prices for everything from gasoline to canned soup probably will be climbing at an astonishing annual rate of 10%. The best hope in Washington is that this rate will drop to about 4.5% in the second half, when officials believe that...
Perhaps the most feared of all the dissenting groups is the ETA (Basque Nation and Freedom), a dedicated clan of about 600 Basque extremists. Since their military leader, Eustaqui Mendizabel, was killed in a Shootout with police last April, the Basques had been silent. Earlier this month, however, they burst into action again, invading an exclusive yacht club near Bilbao. While gunmen forced 100 diners to lie on the floor, other Basques set fire to the building, a symbol of a moneyed, privileged class favored by the Franco regime. Other more minor incidents, like the blowing up of cars, occurred...
...economists believed that there was a good deal of slack in the economy. The Government accordingly permitted a budget deficit of $14.3 billion in fiscal 1973, and it proved too much of a stimulus for an economy that was already straining close to its limits. The result: a burst of demand-pull inflation and a spate of shortages that forced President Nixon to clamp on another wage-price freeze and institute Phase IV. Had the full-employment target been set higher, the overheated condition of the economy might have been discerned sooner...
...Richard Nixon, the inauguration of Gerald Ford as Vice President was only a brief part of an unusually frenetic week. In a burst of activity, the President discussed energy and economic policies with members of his staff. He chatted briefly with congressional leaders about his personal finances. He appointed nine new ambassadors. Several evenings, he slipped unannounced out of the White House-showing up at dinner with Daughter Julie and David Eisenhower, with Republican Chairman George Bush and with a group of Administration appointees...