Word: ifs
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Dates: during 1970-1979
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After each statehouse rally, he gives a luncheon for local born-again pastors, hoping to enlist support for Moral Majority. He mentions the need for political ecumenism, and bemoans the fact that several million "conservative Christians"-his label for those who more or less agree with his reading of the...
To the astronomers, this was too much of a coincidence. Writing in Nature last May, they suggested that what they might be seeing was two images of the same quasar. How was this possible? More than half a century ago, scientists realized a bizarre consequence of Einstein's general...
Fears that OPEC oil prices would rise and supplies would tighten also helped speed the rush to bullion, as did the perceived political weakness of Jimmy Carter and the threat of a challenge from Edward Kennedy. Some European dealers are calling the gold surge a "Kennedy rally" because it has...
If the gold frenzy continues to weaken the buck, OPEC might again move to lift its dollar-denominated price of oil sharply. Uncertainty over just what the greenback will be worth in months ahead would slow much trade that is negotiated in dollars. Beyond that, economists disagree about whether gold...
But gold can be perilous. Says Clayton Yeutter, president of the Chicago Mercantile Exchange, a leading gold futures market: "As the price enters the stratosphere, the risks become extraordinary. If you look over the edge from here, it's a long way down." Even if there is no great...