Word: higher
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Dates: during 1970-1979
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...ability of the Carter Administration to control it, the nation is undeniably prospering. This year's unemployment rate is the lowest since 1974, and 95.2 million people are at work, more than ever before. The output of the nation's industries last month was a healthy 6.8% higher than a year ago. And the crops are in, a record, silo-bursting harvest -an estimated 6.8 billion bu. of corn, 8% more than the 1977 mark, and 1.8 billion bu. of both wheat and soybeans...
...constitutional monarchy so long as it adheres to Islamic principles. A holy war, he argues, is acceptable only as a last resort-that is, if the Shah ignores the Islamic community's legitimate demands. He insists on the segregation of sexes in schools, but is not opposed to higher education for women or their right to vote-in booths separate from men. "The demands of the religious community and the Iranian people," says Sharietmadari, "are in accordance with the most advanced legal regulations of the world...
...raising interest rates to near record levels, but it is still unclear whether the policy is succeeding. Money supply jumped $2.1 billion last week, wiping out more than a third of a big drop registered the week before. That means interest rates will probably have to move even higher than the 10.75% that banks now charge on "prime" loans to their best business customers?possibly above the record 12% rate of 1974. And when money growth finally does slow, bankers increasingly fear a credit crunch in which house buyers, small businesses and other would-be borrowers will find loan money...
...Band-Aid and one magic bullet. The move to big intervention-selling gold, buying dollars-will barely patch a scratch. But the shift to tighter money, she believes, will be the real cure for the dollar's debilities. The trouble is, the early side effects will be bad: higher interest rates, which lead to higher prices for a while. In time, however, the stringent money policy will force inflation down and push the dollar up. What scares Whitman is that the turn to a more stable world monetary system may not come soon enough. People may panic and retreat...
...women, nine of whom are Americans, set off with six sherpas (Tibetan guides), 200 porters and 13,000 pounds of food and equipment in late August. After hiking 80 miles to reach the base of the mountain they began the ascent, setting up five base camps at progressively higher elevations. Struggling against blizzards and avalanches, only four of the ten members succeeded in topping the peak. Two died trying...