Word: nearing
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Dates: during 1970-1979
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...continuing rumors that other Cabinet ministers might be caught up in the scandal, there was growing speculation that the unsolved murders of a Nationalist candidate and his wife during last year's election campaign were also involved. Robert Smit and his wife Jeanne-Cora were discovered in their home near Johannesburg, fatally wounded by guns and knives. Bloody slogans had been scrawled across the walls of the house, apparently to disguise the killings as the work of terrorists or a religious cult. The Pretoria rumor mill now has it that Smit, a financier by profession, had uncovered evidence of irregularities...
This incident, related in the 1974 book The Utah UFO Display, was just one of 80 sightings of unidentified flying objects reported near the small northeastern Utah town of Roosevelt from 1965 to 1968. The book, carefully researched and written by Frank B. Salisbury, a plant physiologist at Utah State University, was seized upon by UFO buffs as still more evidence of the reality of flying saucers and visitations from extraterrestrial beings...
Long observed as glowing halos around the yardarms of sailing ships, in the vicinity of church steeples and near the wing and propeller tips of aircraft, St. Elmo's fire occurs when strong electrical fields are created in the atmosphere. If atmospheric voltage rises high enough, as under a thunderhead, the electrical resistance of the air breaks down and electrons flow from such pointed objects as a ship's mast, agitating nearby air molecules to produce a strong coronal light...
Strong supporting evidence came from U.S. Forest Service records, which showed that there were in fact several severe spruce budworm infestations in forests near Roosevelt just before the UFO outbreaks. Thus, the budworm moths, having feasted on the trees and flying in well-defined swarms that may have measured miles across, could have been on nocturnal migrations when the people of Roosevelt began seeing those strange, dancing lights. Indeed, as the moths hovered and blinked overhead, while trying to escape atmospheric electric fields on certain stormy nights, they might well have resembled what the scientists call a great "free-floating...
...home the pain of such a policy became more evident. The Federal Reserve has been trying to contain an inflationary increase in the U.S. money supply by raising interest rates to near record levels, but it is still unclear whether the policy is succeeding. Money supply jumped $2.1 billion last week, wiping out more than a third of a big drop registered the week before. That means interest rates will probably have to move even higher than the 10.75% that banks now charge on "prime" loans to their best business customers?possibly above the record 12% rate...