Word: dropped
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Dates: during 1970-1979
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...origin of the caper dates back to 1972, when Vesco fled the U.S. after being indicted on charges of looting $224 million from Investors' Overseas Services, a mutual fund based in Geneva. Almost immediately, he began trying to persuade the Department of Justice to drop the case. He even contributed $200,000 to Richard Nixon's 1972 re-election committee, but to no avail...
...seems to have wanted to know as little as possible about the matter. Lord Home, Foreign Secretary under Heath, explains a bit lamely that the oil sanction issue "was never discussed." The Tories' see-no-evil, hear-no-evil policy apparently helped prompt the oil companies to drop the oil-swapping sham and return to direct shipments through Lourenço Marques. Not until a newly independent Mozambican government closed that door in 1976 did the trade stop. Today Rhodesia gets its oil directly from South Africa's supplies...
Policymakers in Washington and other Western capitals are in as excruciating a dilemma as Amin. Do they offer aid to prop up a shaky regime ?which then might drop in the Russians' lap? Or let the government collapse?and risk a widening guerrilla war in an unstable region? Moscow, which has waited patiently since the time of the czars to consolidate its hold, faces no such agonizing choice...
...only member of the Board of Economists to predict a recession next year is Beryl Sprinkel, executive vice president of Chicago's Harris Bank, and he foresees a mild and brief one. His forecast: real G.N.P. will drop 2.4% in the third quarter next year and 3.2% in the fourth quarter, but start back up in early 1980. Alan Greenspan, formerly President Ford's chief economic adviser, also sees a recession?but not until 1980, and then so gentle that it will just about meet the technical definition: two successive quarters of declines in real G.N.P...
...higher status. But schooling that does not lead to a high-paying job earns few points. And the status value of education seems to be slipping: if the authors are right, by the year 2000 a 1970 high school diploma will devalue 15% in prestige and a college degree drop...