Word: holdings
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Dates: during 1970-1979
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...Administration insists that the U.S.'s present 13% inflation rate can be tamed by gently slowing the economy. Its program is to: 1) cling to the tattered wage-price guidelines*; 2) hold the fiscal 1980 budget deficit to $29 billion, down from $32 billion in 1979; and 3) encourage the Federal Reserve Board to continue to keep a firm rein on the money supply. But most non-Government economists believe that inflation will be curbed only by the recession that they predict will begin this summer...
Would Tehran's avowedly anti-Western regime honor the contracts for providing modern new industries and services signed during the Shah's long buying spree? The first strong hint came last week, and it was not encouraging-especially for U.S. firms, which hold an estimated $10 billion in Iranian orders...
Though the label hardly seems apt any more, even self-styled moderate OPEC members are talking of a double-digit increase. Saudi Arabia promises to try to "hold the line" with a raise of a mere 20% to 25%, arguing that this will remove the need for premiums and surcharges. But only a sharp increase in production will accomplish that, and so far the Saudis have given no sign of being willing to boost their output of 8.5 million bbl. per day by more than...
Other unusual nuptials: >When Donna Clement, 23, a graphic artist, and Alexander DeVito Jr., 36, a former Navy man, decided to get married, Clement thought it might be appropriate to hold the ceremony on the Staten Island Ferry (where both her fiancé and his father work as deck hands). Having received the necessary clearance, the couple were married last week on the bridge deck of the good ship Cornelius G. Kolff shortly after the boat left Staten Island on its 25-minute run to Manhattan. The cost of the love boat was modest indeed: members of the wedding...
...thought I could hold the darkness the way a man holds a cup of coffee before he wakens, the way he pulls at a cigarette and wonders how he came to this room, the walls scarred with the gray brush of years...