Word: pasts
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Dates: during 1970-1979
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...diplomacy, what's past is past and sometimes repast. Secretary of State Cyrus Vance, raising funds to redo rooms and enhance the antiques in the State Department's elegant eighth-floor reception suite for foreign dignitaries, invited 177 well-heeled guests to a $1,000-a-plate dinner in Foggy Bottom. The appetizers included quail eggs stuffed with caviar and a bipartisan receiving line comprising Vance and his three living predecessors, Henry Kissinger, William Rogers and Dean Rusk. They and the guests sat down to a dinner of rockfish, roast pheasant, oyster plant on artichoke bottoms, wild rice...
Falwell's habit of mixing religion with American chauvinism and military policy does not sit well with many born-again churchmen. Jimmy Allen of the First Baptist Church of San Antonio, Texas, and past president of the Southern Baptist Convention warns that allegiance with political organizations is dangerous for the church. Says he: "Jesus cannot be captured by any political or economic point of view." Falwell dismisses such criticism quickly: "The issue is survival. America must be turned around." As to his bellicosity, he remarks: "Jesus was not a pacifist. He was not a sissy...
Prices of other precious metals such as platinum and palladium have also soared, as have those of diamonds, pearls, stamps, art and antiques. In the past month silver has risen 65%, while gold has gone up 23%, partly because its relatively low price per ounce attracts speculators. The popularity of such tangible assets reflects a fast-deepening distrust of all paper currencies in a period of scary inflation. For some extreme pessimists, the phenomenon has raised the specter of the Weimar era in Germany in the early 1920s, when wheelbarrow loads of notes were needed to buy a loaf...
...anomaly, however, is the fact that despite the heights that interest rates have reached, there has been no shortage of cash for borrowers. Indeed, the money supply grew at a fast annual rate of close to 13% in the past two months. Though Volcker feels that the growth should be curbed, the spread of such financial innovations as credit cards and savings certificates tied to Treasury bill rates have lessened the Fed's ability to control the nation's money stock...
...unusual demand. Every year at harvest time, there is a severe shortage of hopper cars and boxcars for carrying grain. Meanwhile, many of the railroads that serve the nation's agricultural heartland are failing. The Rock Island, for example, is bankrupt and has been in receivership for the past four years. The strike resulted from its inability to pay clerks and transportation workers $9 million in retroactive...