Word: keys
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Dates: during 1970-1979
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Then Treasury Secretary W. Michael Blumenthal ticked off a list of drastic measures that the Treasury and the Federal Reserve Board will take to uphold the greenback. The key moves: 1) raising the federal discount rate by a full point to a record 9.5%, the sharpest jump in 45 years; 2) reducing by $3 billion the funds that U.S. banks have available to lend; 3) amassing $30 billion in foreign currencies, nearly all borrowed, to support dollar prices on foreign exchanges; 4) greatly increasing U.S. sales of gold...
...conflict was heating up in the breakaway Ethiopian province of Eritrea. In the first phase of a major offensive to smash the province's 17-year-old independence movement, Ethiopian forces, backed by Cuban and Soviet technicians and advisers, in August succeeded in reopening the road to the key city of Agordat. There, government troops had been pinned down by guerrillas of the Eritrean People's Liberation Front (EPLF) since late this summer...
...key reason for Dominica's push for independence was dissatisfaction with its status as a British "Associated State," which meant that it was something more than a colony but something less than a sovereign nation. As an Associated State, Dominica could not apply for international economic aid or help from any nation other than Britain. Now the island seems intent on attaching itself to every organization with an aid program. Says Dominica's Foreign Minister, Leo Austin, 50: "We will join the Organization of American States, the United Nations, World Bank, all of them...
Zolty, who was elected last November as Jerusalem's first chief rabbi in recent times, is demanding a hefty slice of faith from the hoteliers. The key aspect of Sabbath observance, so far as he is concerned, is the proscription on the holy day of "creative work." Among other things, creative work can include writing (even signing a hotel bill), turning on a light, and using a telephone. Basing his interpretation of the halakah on Leviticus 19:14 ("Thou shalt not curse the deaf nor put a stumbling block before the blind"), Zolty declared that "a Jew shouldn...
...key hidden barrier, Weil agrees, is "the gigantic Japanese bureaucracy, with its bias against foreign manufactured goods." This shows itself in many ways. Government agencies like the railways and telegraph and telegram systems, which spend roughly $52 billion a year, have been under orders to "buy national," and although this restriction has been eased in recent months, old habits die hard and few foreign orders have been placed. And when the government does not want to buy foreign, wholesalers and industrial buyers steer clear of imports as well. At the same time, customs officers have been known to effectively shut...