Word: fording
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Dates: during 1970-1979
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TIME's economic-distress indicator, based on questions that gauge how many people feel they have been badly hurt by economic conditions, has stayed at 31%, almost exactly where it was during the last year of the Ford Administration. Only 33% of those surveyed have "a lot" of confidence in Carter's ability to handle the economy (but by comparison only 22% had similar confidence in Ford last October). More than half (54%) think inflation will stay the same-or perhaps get worse-during Carter's four years in office. Among the most pessimistic are Republicans...
...nation's 48 presidential elections, the winner has had an uncomfortably close call. The latest, of course, was Carter, who had a 1.7 million vote plurality, but would have lost in the Electoral College if only 9,245 votes in Ohio and Hawaii had swung to Gerald Ford...
Carter did not consult anyone on the Hill or in the states before announcing that he was cutting $289 million-earmarked for 19 water-control projects-out of Gerald Ford's proposed budget for fiscal 1978. Convinced that many projects were unnecessary, he had vowed during the campaign "to get the Corps of Engineers out of the dam-building business." The President personally approved the 19 projects for the endangered species list on the grounds that they were uneconomical by today's standards, unsafe or unsound in terms of their effect on the environment. So far, $1 billion...
Vance's visit ended a long hiatus in top-level contacts between Moscow and Washington since the détente era began five years ago. Apart from an inconclusive meeting between former President Gerald Ford and Gromyko, the two sides had not sat down at a negotiating table since January 1976. U.S.Soviet relations, which progressively soured last year after pro-Moscow forces won the Angolan civil war, have not been helped by Carter's championship of human rights in general and Soviet dissidents in particular...
...petroleum, leaving the economy dangerously vulnerable to embargoes or price gouging by foreign suppliers. The U.S. bill for imported oil shot up from $2.7 billion in 1970 to $34 billion last year, draining from the country purchasing power badly needed to create jobs. Yet the Nixon and Ford administrations were unable to devise plans that Congress was willing to accept for stretching out supplies. Nixon's Project Independence, aimed at making the U.S. self-sufficient in fuel by 1980, was never more than an unrealistic and empty slogan...