Word: predictableness
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Dates: during 1970-1979
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...into U.S.-Soviet relations early in Carter's Administration were easing: in Washington, Soviet Ambassador Anatoly Dobrynin told a TV interviewer that "we are rather close" to a new agreement in the Strategic Arms Limitation Talks. When might the agreement be reached? Cautioning that it was impossible to predict "with precision" Dobrynin said he would guess "by the end of this year." The White House found Dobrynin's forecast "encouraging...
...less than $20 a month; devaluation of the peso has brought on 30 per cent inflation and "effectively halved the incomes of those fortunate enough to hold jobs," according to The El Paso Times. And there seems to be no prospect of a lessening of these pressure, as experts predict that Mexico's population will double within the next 20 years...
This perception is shared by many businessmen and economists. General Motors Chairman Thomas Aquinas Murphy regards the economy as "in the midst of a balanced expansion." Both Murphy and Chrysler Chairman John Riccardo, in fact, predict that the 1978 model year (running from October 1977 to September 1978) will bring record sales of more than 15 million cars and trucks. (The previous high, set in 1973, was 14 million.) Irwin Kellner, economist at New York's Manufacturers Hanover Bank, agrees that the economy is "in fine shape." Adds Economist Herbert Neil of Chicago's Harris Trust: "A solid...
...Premier Menachem Begin began exploding before their eyes. The Israeli pound, shorn of its artificially pegged value, quickly plunged 46% against the dollar, from 10.3 to 15.2. Prices of essential consumer goods, no longer kept deliberately cheap by big government subsidies, began climbing in stages that even government economists predict will lead to a 45% inflation rate over the next 18 months. Yet no excessive amounts of capital fled the country, and a flurry of food hoarding ended within a few days. Boasted Finance Minister Simcha Erlich...
...fighting for majority rule. For if this most recent crackdown only makes it appear more likely that the white minority and the black majority are headed for an all-out struggle for political power in South Africa--as even white South African liberals who favor peaceful reform now predict--the U.S. should be in a position to support the fight for black majority rule, rather than continuing to underwrite the defiant policies of Vorster's minority regime...