Word: press
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Dates: during 1970-1979
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...electric. Not only did it push the interest charged to margin investors up close to 16%, making stock ownership on borrowed money extremely expensive, but it had a sharp psychological effect on the market. That was quickly compounded when Chase Manhattan President Willard Butcher, told a New Orleans press conference that the money markets were in such turmoil that banks might soon wind up having to recalculate their prime rates, "from 9 in the morning to 3 in the afternoon...
Western leaders were unimpressed with Brezhnev's offer. Sounding more resolute than usual, President Carter said at a press conference that the Soviet proposal was "not quite as constructive as at first blush it seems to be. I think it's an effort designed to disarm the willingness or eagerness of our allies adequately to defend themselves. In my judgment, the decision ought to be made to modernize the Western allies' military strength and then negotiate with a full commitment and determination mutually to lower armaments on both sides...
...YORK--Although the public disapproves of President Carter's handling of the Soviet brigade in Cuba, concern over that matter has not changed American sentiment about Carter's overall foreign policy, an Associated Press-NBC News poll says...
...Chile to Cuba to the Congo to Southeast Asia to Italy and Eastern Europe, and always, always, to the USSR: anticommunism is the lifeblood of the CIA. In 1977 Helms explained what had worried him most as CIA director--not fighting secret wars, not overturning free elections, not the press, not Watergate, but..."The CIA is the only intelligence service in the Western world which has never been penetrated by the KGB. That's what I worried about...
McKay, driven mad by his bees, returns to the East. Once removed from the constant press of the wilderness, he becomes a standard of social stability. "In the midst of this epoch of disintegration, McKay's machinery stitched the uppers to the lowers." McKay lives on Arrow St., in a blue house with yellow trim. He keeps a garden whose products he shares with each year's graduates. A satisfied man, he at last encounters the bees with equanimity...