Word: fasted
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Dates: during 1970-1979
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...Senate were furious over the rapprochement with Peking. Utah Republican Orrin Hatch contemptuously called Carter's foreign affairs advisers "loose-jointed and weak-kneed diplomats" and declared that the President should have held out for a better deal on Taiwan. Said Hatch: "All he had to do was stand fast. Mainland China needs this relationship more than the U.S. does." Arizona Republican Barry Goldwater accused Carter of having committed "one of the most cowardly" presidential acts in history and threatened to sue him in court on the questionable ground that a President cannot cancel a treaty without the Senate...
Answer: Hold fast to that stringent policy. Let the recession come, if need be. More than that, aim for the downturn to be followed not by a vigorous rebound in production and jobs but by a year or two of only moderate growth...
TIGHT MONEY. Excessively fast growth of the nation's money supply has been an important cause of inflation. The Federal Reserve has created so much money partly to cover budget deficits, partly to meet the credit demands of a growing and inflationary economy. Throughout 1978 the Fed kept letting interest rates rise to discourage borrowing; banks raised the prime rate 14 times, by a total of almost 4 points, to 11.5%. Loan demand stayed high, however, and money supply kept bounding up; in September it rose at an annual rate of 15.8%. But the cumulative effect of the interest...
Dallas, coming up fast, with 1,189 conventions, 1.6 million delegates, spending $363 million. Attractions: climate, sports, howdy hospitality...
Because they put such a priority on enterprise, the Irish people will enjoy some unusual gifts this Christmas. Jobs are being created so fast that the 150-year-old hemorrhage of forced emigration has been stopped; no longer can it be said that Ireland's greatest export is men. The population is rising for the first time in modern history. Irishmen are returning home from distant lands. And a most remarkable development is occurring: at current growth rates, the Irish standard of living-based on production per capita-in 1980 will surpass that of once mighty Britain...