Word: flooded
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Dates: during 1970-1979
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Congressman Flood is indicted
...have been doing all the dirty work, and the old man has been getting all the gravy." So Stephen Elko reportedly complained to the FBI about his former boss, Daniel Flood, 74, a 30-year Congressman from Wilkes-Barre, Pa., and the flamboyant head of the powerful House Appropriations Subcommittee for Labor and HEW. Largely on the basis of Elko's testimony, a Los Angeles federal grand jury last week indicted Flood on three charges of perjury, including one stemming, from a statement he made denying receipt of $5,000 in bribes to help some now-defunct West Coast...
...optimism seem understated. Once they pass the point at which the rising returns from Alaska, the North Sea and the Gulf of Mexico outweigh the enormous sums they are still spending to expand there, the Sisters will probably confront an unusual new problem for the 1980s: coping with a flood of profit so great that the men in charge literally will not know what to do with...
...trade front, the most disquieting aspect of the July deficit is that it occurred despite a drop of 4.5% in oil imports. Most of the increase in the deficit came from imports of automobiles, machinery and other goods. Though the import flood is expected to ease off eventually, this year's trade deficit will probably hit a record $30 billion or more. The bad trade news sent gold prices up and all but kayoed a brief comeback of the dollar on foreign exchange markets...
...unions' lobbying tactics are oldfashioned. They still concentrate on buttonholing key legislators, such as committee chairmen. The increasingly assertive business lobby, in contrast, now does most of its campaigning around the country, urging owners of hardware stores, florist shops and bakeries to write their legislators. The flood of mail from back home played a key part in defeating the labor-reform bill...