Word: firm
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Dates: during 1970-1979
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Khomeini evidently insisted to his colleagues that they stand firm against the increasing American pressures. Hassan Habibi, the newly appointed spokesman for the Revolutionary Council, reaffirmed the government's position on the hostages: "We are not going to retreat in the face of U.S. imperialism. We are asking for the extradition of an international criminal, and the U.S. cannot long continue its aggressive reaction to our demand." He disclosed that Iran and Libya had agreed to re-establish diplomatic relations after a break of several years. The two countries had been especially at odds for the past year, following...
...began developing Park Forest, now a suburb of 30,000 people, in former cornfields about 30 miles south of Chicago. The town was regarded by urban experts as a model of intelligent planning. In 1968, Klutznick founded the Chicago-based Urban Investment and Development Co.; two years later the firm was sold to Aetna Life & Casualty for more than $52 million. His latest major project was Water Tower Place, a 74-story, $195 million showpiece on Chicago's North Michigan Avenue. The complex includes the 20-floor Ritz-Carlton hotel, 150 stores and 40 floors of high-priced condominiums...
...Habit of Being by Flannery O'Connor (Farrar Straus & Giroux, 1979). Letters of one of America's finest writers, who died in 1964, at age 39; the text is firm about Roman Catholicism, refreshingly short on self-pity about the disease that crippled her-and characteristically precise of mind and heart...
Money to buy condos or co-ops is becoming costlier and harder to find, of course, but the impact of the squeeze has so far been modest. In Chicago, the Baird & Warner real estate firm reckons that October condo sales were 6% ahead of the same month last year, but prices have eased from an average of $93,000 in 1978 to about $85,000 today. In New York City, both demand and prices remain high, and luxury four-room apartments are selling for an average of $ 160,000, vs. $ 100,000 a year...
Four New York bond trading houses have failed. One of the victims is Frederick Gorsetman, 34, who, riding along with rising bond business in August 1978, opened his own firm. But when the Federal Reserve drove up short-term interest rates, his firm had to absorb devastating losses on bonds that no one would buy. After three weeks of harried days on Wall Street and sleepless nights in his Riverside Drive apartment, Gorsetman closed his ofiice's front door. Although he is now looking for another job on Wall Street, he says bitterly, "The market stinks...