Word: mid-1970s
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Wilmot helped organize Democratic fundraising dinners in the mid-1970s, when Robert Strauss headed the Democratic National Committee and funneled legal work on his aviation and real estate interests to Strauss's Dallas law firm. When Strauss left the board of Columbia Pictures to join the Carter Administration last year, Wilmot took Strauss's seat...
...mid-1970s, the Red Brigades expanded their enemies list to include politicians, judges, policemen, lawyers, professors and journalists as well as businessmen, and added a new crime: murder. The targets in Italy's long tradition of political violence had almost always been the police, soldiers and statesmen. But for the Red Brigades, notes Rome Historian Rosario Romeo, revolutionary action "is essentially class action. They attack businessmen and professional men as representatives of a class rather than as individuals. Their targets are marked because of their social position, not their political beliefs...
...Soviets had been aiding Somalia ever since the early 1960s, helping to make it one of the best-armed nations in Africa, with a 22,000-man army, three MiG-equipped fighter squadrons and six tank battalions. Until the mid-1970s Ethiopia, under the late Emperor Haile Selassie, received substantial aid and arms from the U.S. But after the Emperor's overthrow in 1974 by a leftist junta, Addis Ababa's relations with the U.S. cooled. Despite their ties to Somalia, the Russians saw a chance to establish a presence in Ethiopia, which is almost ten times...
...apply? That question has been nagging many businessmen and policymakers who are concerned and puzzled about the persistence of relatively high inflation at a time of expanding employment and steady recovery. One man who thinks he has the answer is Dale Jorgenson, a Harvard economist whose thinking about the mid-1970s American economy is attracting increasing attention...
Fraser, however, borrowed heavily to finance these schemes. Then the U.S. real estate market crashed in the mid-1970s, interest rates on Sea Pines' loans shot as high as 16%, and the company found itself seriously overextended. During its last two fiscal years, Sea Pines Co. has suffered losses conservatively estimated at $35 million (figures are not yet complete for the twelve months ended Feb. 29). Once a master builder, Fraser has been furiously pruning his company in hopes of avoiding bankruptcy. Even so, he admits that there is "a 25% chance" that Sea Pines will have to seek...