Word: launching
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Dates: during 1970-1979
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...century American way of life. The entire U.S. financial system is elaborately geared to keep money moving in vast quantities from lenders to borrowers. Nearly everyone operates on the almost unconscious assumption that there is plenty of money available to borrow at interest rates he can afford: businessmen who launch, expand or modernize enterprises; public officials who schedule the building of roads, schools, parks; consumers who plan purchases of houses, cars, even college educations. Yet in recent months that comforting belief has been shaken by a skyrocketing rise in interest rates to peaks that would have seemed a nightmarish fantasy...
...problems that consumers have in getting nonmortgage loans are small in comparison with the difficulty of borrowing to launch a small business, expand it or keep it going. In Troy, Mich., Mrs. Alisha Fall, a onetime teacher who now directs a day-care center for a national chain, has had to put off her ambition to open her own day-care center for the children of working parents. "I'd need $60,000 for the building, installations and the rest," she says. "That translates to about 30% down in today's market and, with an 11%-plus interest...
...Ford executive was killed in an apparent kidnap attempt. With such rampant violence seemingly beyond Perón's control, U.S. companies are pulling their personnel out of Argentina, and may well limit their investments. For Perón, that is a serious threat, one that could finally launch an all-out campaign against the leftists...
...year war against guerrillas in three African colonies, the messages could not have been clearer. After We Say Goodbye was an alert that this was the night the army would move against the totalitarian regime of Premier Marcello Caetano. "Dark land" meant that this was the moment to launch the coup. Thus began one of the few coups in which military officers threw out a totalitarian regime and declared their intention to establish a democratic government-instead of vice versa. In time, the shock waves sent out by the coup may be felt more strongly in Africa than in Lisbon...
...owner of these satellites is COMSAT General, a wholly-owned domestic subsidiary of COMSAT, the U.S. Government-sponsored (but privately owned) corporation that itself handles only international traffic. The joint venture of A T & T and GTE should end a bitter rivalry in which each company had planned to launch separate satellite systems...