Word: interest
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Dates: during 1970-1979
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...officials had been scrambling to find a suitable host country for the Shah since Mexico announced last month that he would not be allowed to return there. When Panama expressed interest last week in accepting the deposed monarch, Jimmy Carter dispatched White House Chief of Staff Hamilton Jordan to Panama City to talk with Strongman Omar Torrijos Herrera. The two men had developed a good rapport during the Panama Canal treaty negotiations in 1977, and after a long afternoon session with Jordan, Torrijos agreed to extend a firm invitation...
...heavy line, now dogmatic, now uncertain, grinding across the paper, paying its digestive homages to Picasso, Gonzalez, constructivism generally and, rather surprisingly, to the bonelike figures of Moore and Arp. One of the ear lier drawings is a hole-in-the-head figure clearly derived from Moore, whose own interest in totems would presently be assimilated, to new effect, into Smith's work...
...proposal would face tough, almost insurmountable opposition in Congress, which considers a new tax as a pox in an election year. Typical of what special-interest groups will tell their Congressmen is the observation of a Southern California Auto Club spokesman: "The tax is just a scam to increase Government revenues and the federal bureaucracy at the expense of good-hearted people across the country...
...slightly. Gold, the traditional shelter in troubled times, rose to a record close of $434 per oz. in London, up $52 in five weeks. Traders worried mostly about the volatility of the Iranian confrontation, and they were also troubled by rising oil prices and the slight softening of U.S. interest rates...
Pressure is mounting on Chase in Europe to reconsider and reverse the default. One reason: the bank apparently did not tell its European partners that Iran had asked for a transfer of its funds to pay the interest on the loan, but that this payment had been blocked by President Carter's freeze on Iranian assets one day before it was due. Some Europeans now charge that the U.S. banks are acting as mercenary scouts of the Carter Administration in its campaign against Iran and that they have stopped playing the banking game under the gentlemanly rules of prior...