Word: evering
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Dates: during 1970-1979
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...quake when the rock suddenly fractures and the plates lurch ahead. Yet the New Madrid area lies in the very heart of the North American plate, far from its boundaries. Why should it have shaken so violently in the early 1800s and, in fact, continued to quiver occasionally ever since...
Bird herself had called for the investigation last Nov. 24. A liberal 43-year-old activist with no prior judicial experience, she had been opposed by law-and-order conservatives and some of the legal establishment ever since her surprise appointment in 1977 by Governor Edmund G. Brown Jr. By last November, under the pressure of allegations of political maneuvering by the court, she decided that something had to be done to restore confidence in the state's highest tribunal...
Breaking the inflationary psychology after 15 years of ever higher prices will be a titanic task. The American consumer has developed the attitude of "buy now before it's higher," as new figures showed again last week. Consumer installment debt exploded by a record $4.5 billion during September to a total of $303.9 billion. The lemming-like rush of consumers into debt could force the Federal Reserve to push interest rates still higher or perhaps to begin limiting the amount of credit available...
...more Since the Federal Reserve constricted money, bond trading has been more Jackson Pollock than Rockwell. Says Merrill Lynch Vice President Peter Goldsmith: 'This has been the worst period the bond markets have ever experienced...
...meeting ended, the Vatican issued a public financial communique, its first ever, revealing a 1979 budget deficit of around $20 million. The gap has been met by "Peter's pence," the aid offering from churches around the world, and other gifts. But the 1980 deficit will be worse and, the statement added, "within a few years the Holy See will find itself hard-pressed." Said one Cardinal, "The Vatican is certainly not Fort Knox." The meeting urged austerity at all levels. The balance sheet apparently did not cover the international mission office or the Vatican bank, and may exclude...