Word: nearings
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Dates: during 1970-1979
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...sharply. We are forecasting that unemployment, now 5.8%, will hit 8% by the second half of next year." Still, Eckstein thinks that the recession will be a bit less bitter than in 1973-75. "The use of credit by business has been considerably more cautious, inventories are not anywhere near as high as they were in 1974, capital spending has not been that excessive, housing activity has not been excessive, so the [current] exposure of the private economy is a lot less...
...near freezing day in Boston, Nick Deane, 35, sees his dream in jeopardy. Two years ago, for $265,000, the novice developer had bought an incomparable old factory building for conversion into 21 condominium apartments and several offices. The 19th century structure, designated a historical landmark because it has one of the oldest cast-iron facades in the Northeast, commands spectacular views of Boston. Every unit in the planned conversion was sold before Deane went to the bank for his building loan. With 10% up front from every investor in the building and all the cash he could pull together...
From the Appalachians to the Rockies, the combines are churning through our land. Some of these $100,000 monsters can spew out $118,000 worth of soybeans in a day. The U.S. crops-the result of near perfect weather, rich land, technology and extraordinary enterprise-will be worth $61 billion this year (up 17% over last year's record of $52 billion...
They came by the thousands, eyes downcast, silently edging through the high grass near the Thai border town of Aranyaprathet. Men without legs, hobbling on crutches. Women in rags, staggering beneath the weight of wooden poles hung with pots and pans, clothing and bedrolls, hatchets and rubber sandals. Children, some covered with sores, many of them naked, stumbling along at the heels of their parents...
...since Phnom-Penh fell to the Khmer Rouge, more than a third of the population of Cambodia, once estimated at 8 million, has perished from war, disease and the genocidal policies of the murderous Pol Pot regime. Last week, as the Vietnamese prepared for a final onslaught on sanctuaries near the Thai border used by the Pol Pot forces, Cambodia faced yet another horror: a famine. At least 2 million people are believed to be on the verge of death by starvation or disease. Many have been reduced to eating the leaves off trees, peeling the bark and boiling...