Word: bustings
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Dates: during 1970-1979
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Neizvestny's monument, which will be formally unveiled this week on the third anniversary of Khrushchev's death, is symbolically strong, a massive (9 ft. high, 5 ft. wide) abstract of white marble and black granite with a bronze bust of Khrushchev in the center. The white and black blocks, says Neizvestny, represent the bright and dark periods of Khrushchev's career, as well as the bright and dark periods of Soviet life...
...unable to pay its bills unless it gets a Government subsidy of $10 million a month. Nationwide, more than 5,000 businesses failed in the first half of 1974, leaving unpaid bills of more than $1.5 billion, almost 50% more than the liabilities of businesses that went bust in the comparable period of 1973. Builders and textile and apparel manufacturers are going broke the fastest...
...more unprecedented dimensions. The greater fear among some liberal economists is that he will give exclusive priority to fighting inflation by radically slashing federal spending and encouraging the independent Federal Reserve to keep a heavy hand on the nation's money supply, and thereby bring on a real bust. In July, the Council of Economic Advisers expected unemployment to rise to 6% before it began to come down. Now predictions of 6½% by mid-1975 are common. Walter Heller, a member of TIME's Board of Economists, foresees a jobless rate of nearly 7% as a consequence...
...complex, 501-page Employee Benefit Security Act would create a Pension Benefit Guaranty Corp. (officers: the Secretaries of Labor, Treasury and Commerce) to insure pensions in much the same way that the Federal Deposit Insurance Corp. protects depositors in banks that go bust. With only a few exceptions, an employer who sets up a pension plan must buy insurance from the PBGC. If a company or its pension fund goes broke, the federal agency can pay up to $750 a month to the workers who were "vested"-that is, had gained rights that could not be forfeited even if they...
...Bear have shut down along with Theater Two, largely because of continuing harassment from state and local authorities combined with substantial financial difficulties. Back in the spring this enlightened Commonwealth passed new obscenity laws that made the Victorians look like Linda Lovelace in drag. The State Fuzz promised to bust the show once the new laws were passed, and because policemen always keep their word, they busted it again and again and again. The shows producers decided to try to comply with the state's puritan tastes and removed the "open and gross lewdness," but no sooner did they...