Word: overtaken
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Dates: during 1970-1979
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...sudden, sharp rise in oil prices inflamed all sorts of problems, increasing government controls, intensifying nationalism and calling into question the future of free economies. People were gripped with the fear that events had overtaken their ability?or their government's ability?to cope. Otherwise sober men spoke of extreme solutions: repudiation of international debts, massive currency devaluations, the suspension of parliamentary government, even military intervention in the producing countries...
...More than two years after the Watergate burglary, after months of scandal that left the nation divided and depressed, Nixon became the first American President to resign. Yet no matter how dramatic the denouement, Nixon's role was essentially passive and self-destructive; his Administration was at last overtaken by the slow, relentless working of the U.S. Constitution, the Congress and ultimately the public conscience. Nixon's departure was a strange and absorbing spectacle, but the great damage had been done by the months of accusation and uncertainty, not by the resignation itself. The end was greeted mostly...
...until the finishing part of the course, Cemetery Hill, that Keefe could establish command. Sprinting the final yards, Keefe left Christ in his wake. Fitzgibbons was overtaken by two more Quakers, as the Philadelphians left their dominance...
...reasons for Herstatt's demise do nothing to bolster confidence in the German banking system, or indeed banking generally. Herstatt had incurred, and concealed, massive losses through speculation in foreign currencies. Similar fates have overtaken banks in other countries. In the U.S., currency trading has cost the Franklin National Bank dearly (TIME, July 1); in Switzerland, the Union Bank reportedly dropped $50 million; in Germany, Westdeutsche Landesbank Girozentrale has lost perhaps $110 million...
...Pinero walked away with this year's New York Drama Critics' Circle Award for the best American play. Last week, however, it seemed that Pinero might be germinating a new plot. Approaching a subway token booth in a downtown Manhattan station around 12:35 a.m., he was overtaken by a swarm of youths, who vaulted the token turnstiles and boarded a train. When the token seller cursed them as "Spanish trash," Pinero let loose with a few oaths of his own. Picked up by a transit cop on a charge of harassment, Miguel got rather more attention than...