Word: jolt
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...near the Great Snow Mountain in central China. It came just as residents of Peking were ending their three-week camp-out in the wake of the great quake that struck the Chinese capital and demolished the nearby industrial city of Tangshan last month. Two days later, a seismic jolt damaged more than a hundred homes on the Izu Peninsula 80 miles south of Tokyo. Scientists said the close sequence of quakes was probably coincidental, though they admit the rash of recent earthquakes in the Far East is disturbing and may suggest that some seismic process that...
...Might that not be carrying nepotism a bit far? And would it not be the wrong way for women to score the breakthrough? Still, the thought of Vice President Betty, tossing off refreshingly candid and sensible thoughts about almost anything, is intriguing. Too bad Ronald Reagan, so eager to jolt the nomination race open with a startling vice-presidential choice, did not try to unify the party with Betty. For that matter, imagine that Jimmy Carter, in a mood of bipartisan unity and love, had selected Betty. That twosome might well have won the White House by acclamation, saving taxpayers...
...still cannot sell New York City bonds, and the state's Municipal Assistance Corporation securities marketed on the city's behalf recently suffered a ratings drop by Moody's Investors Service. Last week the city's unrelenting financial crisis gave New Yorkers yet another painful jolt. With the entire City University of New York system temporarily closed for want of funds, the Board of Higher Education reluctantly voted to impose undergraduate tuition fees for the first time in CUNY's 129-year history...
...critics now think that interest rates are too low. Otto Eckstein, a member of TIME's Board of Economists, fears that if rates do not rise gently this year, they will go up so abruptly in 1977, when loan demand should finally revive, as to jolt the economy. Burns does now seem to be trying to nudge interest rates up a bit; among other things, he intends to dole out money more slowly. His new target is money-supply growth of 4½% to 7% a year, down from the 5% to 7½% he had been aiming...
...Liberal Party elders. Scott was questioned about his accusations and collapsed under crossexamination. The Liberal leaders then accepted Thorpe's denial. When Scott trumpeted his story this year, former Liberal Chief Whip Cyril Smith immediately pronounced it "ludicrous." But next day Thorpe's credibility suffered a major jolt when his longtime friend Peter Bessell, a former Liberal M.P. who moved to the U.S. in 1974 following a financial scrape in Britain, admitted that he had paid Scott a "retainer" of $15 to $30 every week or so from 1968 to 1970. Bessell insisted that he, not Thorpe...