Word: cuttingly
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Dates: during 1970-1979
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Carter's fight to check price rises runs directly counter to his second main challenge: making the U.S. less dependent on foreign oil. A rise in oil prices would probably cut consumption, but also would certainly increase inflation. "Good energy policy is not good economic policy," summed up White House Aide Hamilton Jordan. Added another adviser: "We've got to do what is in the best interests of the country-but it's damn hard to see how anything we do will be in the best interests of Jimmy Carter...
Packets of diamonds in the rough, as well as polished stones cut by the street's manufacturers, are traded in the club's nondescript 200-ft. by 200-ft. room. Reports TIME'S John Tompkins: "You get into an elevator with a crowd of Hasidim and feel them staring, wondering who you are. All the brokers know each other by sight, if not by name. A set of electrically operated bulletproof glass doors leads to the room's lobby, and another automatic door, with the legend NO VISITORS ALLOWED, and operated by a guard, leads...
...Egypt, it will receive $1.5 billion in new U.S. military assistance, a figure that will undoubtedly rise if Saudi Arabia decides to cut its aid. Egypt's package of new arms includes five Hawk surface-to-air defense systems, four destroyers, an unspecified number of submarines, tanks and F-4 fighter planes. This is in addition to the $750 million in economic aid and $200 million in food aid that Egypt currently receives from Washington...
...Shah patched up relations with the Baghdad regime to gain a favorable settlement of a boundary dispute. As part of the deal, he cut off supplies to the Kurds and closed his border to the retreating rebels. Kurdish Leader Moustafa Barzani, who died in Washington early this month at age 86, pleaded in vain for continued American help...
...time the White House considered trying to cut back on some federal aid to states that broke the guidelines, but dropped the idea because it was legally questionable as well as politically risky. Now Kahn says that the Administration will rely on "statesmanship and informed public opinion" to curb the spread of these "outrageous" increases. Unfortunately, that is not likely to be enough to hold down public wage raises, which are highly visible and thus set a tempting example for powerful unions in the trucking, electrical and other industries in this year of heavy labor bargaining...