Word: fortnighters
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...their stampede to buy before they missed out on potential profit, investors shrugged off news that only a fortnight ago might have sent prices into a spin. Some highly technical midweek moves by the Federal Reserve to drain money out of banks and thus nudge up interest rates depressed stock prices for only a few hours. Traders concentrated instead on cheerier trends, above all a long overdue rebound in the dollar on world markets...
Actually, the assassins were not Arafat's people; they were members of a tiny renegade movement, which Arafat himself had disowned. A fortnight ago, the two men checked into the Hilton ostensibly to attend a meeting of the Afro-Asian People's Solidarity Organization, chaired by Sebai. They were searching, as it turned out, for a way to hit Sebai. As one of the prominent Egyptians who had traveled with Sadat to Jerusalem last November, Sebai had been condemned as a traitor by Arab rejectionists. The moment came unexpectedly. Spotting Sebai in the hotel lobby, the Palestinians quickly...
...unknown assailant. Only four days earlier, a short distance away, two passengers in a Syrian embassy car had been killed by a bomb. Hammami was known as a moderate who in the past had been savagely criticized by radicals for refusing to demand the liquidation of Israel. Fortnight ago, there were reports from Beirut that Palestinian extremists were plotting a new wave of terrorism; last week's murders in London presumably marked the beginning of that campaign...
...Last month urban blacks were authorized to hold 42 more kinds of jobs than before?including those of auctioneer, druggist, chiropractor and boardinghouse keeper. Officially, pay scales for black and white workers are the same; in practice, blacks earn far less than whites who hold the same jobs. A fortnight ago the government announced its intention to modify slightly the hated pass laws; henceforth blacks will be allowed to carry "travel documents" rather than the present identity books...
...recovery from the 1973-75 recession, it is getting harder and harder to defend. The nine nations of the European Community, which, ironically, was founded precisely to free trade among its members, have put up barrier after barrier against foreign goods. In the U.S. two actions within the past fortnight have dramatized the growing clamor for restrictions against imports of steel, textiles, shoes, TV sets and dozens of other items. At the end of September, Zenith Radio Corp., the largest U.S. maker of TV sets, announced that it would lay off 5,600 American employees within the next year, because...