Word: forded
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Dates: during 1980-1989
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...politicians, the sustaining and safeguarding of reputation come hard. Not only are they cut up by rivals, and by columnists with opposing views, but their presence, in the limelight exposes traits in them that reporters seize upon. With Gerald Ford, a frequent target was his physical clumsiness; with Jimmy Carter, it was his "meanness." (The knock on Ronald Reagan, which White House publicists are trying to deflect, is "insensitivity" about the poor.) Carter is still in limbo: he roams the country flogging his memoirs, to a public not yet ready to resuscitate...
Alan Greenspan, a consultant who was President Ford's chief economic adviser, argued that while the Reserve Board might be able to reduce short-term interest rates, it could do little to bring down the high rates (12% or more) on long-term corporate bonds. Bond buyers fear that a too rapid expansion of the money supply by the Federal Reserve could eventually reignite inflation. As a result, they demand high interest as protection against rising prices. But until bond rates come down, companies will continue to restrain their capital spending. After the cut in the discount rate last...
...began at 9:30 last Wednesday morning. A white 1979 Ford van with Florida plates drove past startled U.S. park police and stopped facing the main entrance of the Washington Monument. Emblazoned on its side was his message, #1 PRIORITY: BAN NUCLEAR WEAPONS. A man in a dark blue jumpsuit and a black motorcycle helmet with a visor covering his face emerged from the van, brandishing a menacing-looking black box. He announced that his van contained 1,000 Ibs. of TNT with which he threatened to reduce the monument to "a pile of rocks." He brusquely handed a park...
...sector helped buffer the state from trouble. But the national recession eventually eroded California's splendid near isolation from the economic woes of the country at large. Signs of economic pressure are now evident across the state's diversified industrial base. By next June General Motors and Ford will have closed four out of five automobile assembly plants in the span of three years. The once booming housing industry is expected to finish the year with only 60,000 housing starts, down from 251,000 in 1977. The timber industry has already laid...
...change in style could hardly have been more telling. Almost every day at about 8:30 a.m. last week, a burgundy Ford station wagon and a white Dodge escorted by two police motorcycles pulled away from Mexico City's southern suburb of Coyoacán. The modest motorcade traveled unobtrusively, inching along in the morning rush hour's endless traffic snarl and dutifully stopping at every traffic light. Finally, about 30 minutes later, it would arrive at the massive and ornate National Palace. A short, handsome figure with graying hair at his temples would emerge...