Word: ordered
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Dates: during 1970-1979
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...episode illustrates just why cutting a federal budget is so difficult. Essentially, Harris says she wants about $1.5 billion more than OMB is willing to give her in order to continue subsidized housing construction at close to the present level. OMB objects to her complaint, arguing that what is really pinching HUD's housing money is its plan for a new $1.3 billion demonstration project involving mixed-income rental housing. OMB insists that if that costly project was shelved, HUD would indeed be able to build almost as many new housing units as it says it wants. Whoever...
Even before the riots, economic troubles were brewing. The quadrupling of oil prices in 1973-74 gave Iran many extra billions of dollars, but its heady expansion went too fast. By 1976 the government was borrowing against expected oil profits in order to spend nearly $50 billion a year on military hardware, port expansions, roads, railways, electric-power grids and new industries. Though supply bottlenecks were common, prices were soaring and commercial bribery was a fact of life, the crunch did not come until the weakening world demand for oil began cutting into funds that the government had already borrowed...
...Congresswoman Virginia Smith, expressing a view common in the farm belt, protested: "Carol Tucker Foreman, one of agriculture's biggest enemies, is at work right now discrediting the meat industry and causing the public to lose confidence in American farm products." The meat industry has sued to block her order that nitrite levels in bacon must be sharply reduced, from 150 parts per million now to 40 parts per million next year. Still, Nader found the order too weak and roasted her for caving in to the food industry...
Avon apparently was willing to pay such a high premium, as buyers often do at Tiffany, to clinch the deal quickly in order to avoid a bidding war with other covetous companies. Hoving, 80, long courted by many other suitors, was willing to sell to Avon not only because the price was ripe?$104 million in all?but also because he was promised that he could continue to run Tiffany as an independent fiefdom. Says Hoving: "Charles Tiffany, who founded the company, ran it until he was 92, so I'm going to try to beat his record...
...keep it going." Bracing for at least a temporary loss of their daily breakfast companion, some readers have offered touching pledges of loyalty. Wrote David Fitzpatrick from Sheffield: "A day without the Times is a desolate day, but if you must leave us for a time in order to put your house in order, so be it. We will be waiting when you return...