Word: presidental
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Dates: during 1970-1979
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Among these changed circumstances behind the Patriotic Front's dramatic shift has been the pressure exerted by the so-called front-line states (Tanzania, Botswana, Angola, Mozambique, Zambia), on which the guerrillas depend for most of their support. Faced with serious economic difficulties at home, the front-line leaders...
That is how TIME's Board of Economists views the Recession of '79, which it forecast as early as last November and which began in April. The bipartisan board agrees that the worst is yet to come: the recession will last 12 to 15 months rather than six...
So far even the populist Carter Administration has backed Volcker's high-interest policy. Yet banks have had plenty of money to lend anyway-perhaps too much. In the past month, the money supply has grown at an annual rate of 11.5%. Beryl Sprinkel, executive vice president of Chicago...
The Carter Administration last week attempted to revive its moribund voluntary guidelines by creating a 15-member committee, including representatives of labor and management, that will recommend new wage standards to replace the current 7% guide. Since unions had strongly opposed the guidelines, forming the committee was a step toward...
Last week U.P.I. President Roderick Beaton announced a plan to put his wire service back in the black by ripping a page from A.P.'s ticker: turning U.P.I. into a cooperative of sorts. U.P.I. has invited more than 100 of its largest newspaper and broadcasting clients to become limited...