Word: leveler
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Dates: during 1970-1979
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...stock market reacted to all these uncertainties in predictable fashion: it sank. The Dow Jones industrial average, the market's most widely watched barometer, plunged dizzily to 800.85, its lowest level in two years. The drop is particularly unsettling because investors regard the 800 level as a psychological barrier; once it is breached, they fear an even steeper fall. By week's end the market had recovered slightly, to a closing Dow average of 809.94. Nonetheless, since New Year's Eve the Dow has plummeted 194.71 points, an astonishing slide. Clearly the nosediving stock market is trying...
...level, Wall Street was responding to some bad news. The Labor Department reported that the unemployment rate for October was basically unchanged, at the disappointingly high rate of 7%. Wholesale prices jumped .8% in the same month, the biggest increase since April and an augury that inflation's rate might be quickening. Reflecting similar worries, the Federal Reserve System again stepped hard on the monetary brakes by selling Government securities to drain bank reserves and raise the cost of borrowing. With oil imports propelling the U.S. balance of trade deficit toward an alarming $30 billion this year, the dollar...
...upshot: the incident contributed to the establishment of a high-level interagency committee to coordinate all Government initiatives that might affect U.S.-Soviet relations. No further attempts were made to recruit Lusis, and he returned to the U.S.S.R. in June. But the running feud still goes on between the State Department and the FBI over whether Soviet exchange students should be fair game for recruitment attempts. Vance and Zbigniew Brzezinski have discussed the possibility of new policy guidelines to govern FBI counterespionage operations...
...long been standard equipment for highway patrolmen. Now they are also featured in about 150 bars in at least eleven states (and some 400 pubs in Canada as well). A drinker merely drops a quarter in a slot and blows in a straw. The machine then registers the alcohol level in his or her blood. In most states, anyone with a reading of more than .10% alcohol in the blood is considered legally drunk...
Passengers were startled by the extreme angle of ascent, which threatened to dump all their hand baggage into the rear toilet. But within 15 minutes the Concordski was level and cruising comfortably ten miles above ground, racing at twice the speed of sound toward Alma-Ata, 1,931 miles away...