Word: developement
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Dates: during 1970-1979
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...economic field, Washington has protested Israeli offshore oil exploration in the Gulf of Suez. Publicity forced cancellation of a cozy arrangement under which the expenses of the 202-man Israeli arms-purchasing mission in New York was picked up by the U.S. Washington could drag its feet in helping develop Israel's own armaments industry, and refuse to deliver a promised nuclear power plant. The Administration could abolish the tax deduction that encourages Americans to send tens of millions of dollars to Israel via the United Jewish Appeal and other channels. The U.S. could end a policy of joint...
...planned to make a "unilateral policy declaration" promising to abide informally by the SALT ceilings, "provided that the Soviet Union exercises similar restraint." Moscow is expected to make the same promise this week. But the longer the arms deadlock, the greater are the chances that each side will develop new weapons systems that future treaties may find impossible to eliminate or control...
...though, there is an offsetting weakness. A pervasive sense of uncertainty grips businessmen and investors. They worry about the impact of Government policy on inflation and interest rates. In Greenspan's view, the many uncertainties are preventing businessmen from making needed investments, such as expanded research programs to develop new sources of energy. Executives see such serious risks that they will start only projects promising a high, and quick, profit. Says Greenspan, borrowing a football term: "The market system's ability to adjust to perceived future imbalances is being blind-sided by these very high risks...
DIED. Marion K. Sanders, 72, journalist, novelist (The Bride Laughed Once) and biographer of Journalist Dorothy Thompson; of a heart attack; in Manhattan. While working for the State Department, Sanders helped develop its publications program and served as editor in chief of the Russian language magazine Amerika. She later worked as an editor at Harper's and Atlas World Press Review...
...books, Gorey piles hackneyed literary convention upon hackneyed literary convention to reach a gruesome black-humor conclusion. Stylized drawings of upper crust twerps develop into tiny portraitures of weirdly haunted people. But this time the script does not fit the Gorey formula. Although everyone looks straight out of a Gorey story, you cannot sink your teeth into the paper-thin characters. And unlike his books, you cannot flip through this play. You just have to sit there, watching boring characters witlessly enacting a plot whose ending you already know...