Word: primed
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Dates: during 1970-1979
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...Shensi province, which just opened at the Brooklyn Museum and will travel to San Francisco, Chicago, Los Angeles and Houston throughout 1978, is not only interesting but instructive. These bright-colored, Volk-ish scenes of collective labor, with their clear and pretty patterns, are, in fact, like posters a prime form of political instruction in China. As the catalogue remarks, they exemplify "the abolition of the distinction between manual workers and brain workers." How complete this erasure has been the show makes all too clear...
Burns reacted by restricting the money supply so tightly that the prime interest rate on bank loans to business shot up to an unheard-of 12% in 1974. And during the slow recovery from the recession. Burns kept money growth moderate, angering liberal Democrats in Congress and giving no help to the upcoming campaign of Gerald Ford, who left Burns pretty much alone. Burns' explanation: "I do not believe I exaggerate in saying that the ultimate consequence of inflation could well be a significant decline of economic and political freedom for the American people...
...straight business deal. U.S. banks, he believes, are ideal investments for an absentee owner. "They are very highly regulated and restricted," says Pharaon, and can safely be left to the management of others. The National Bank of Georgia, he asserts, has intrinsic values, like a location in a prime growth area. Moreover, he sees bright days ahead once various federal investigations are concluded. "It is a turnaround situation that comes very quickly and very fast," says Pharaon. "In fact, we foresee in 1978 that the bank will be very handsomely in the black...
...startling. From November 1976 to November 1977, Nielsen put the dropoff at 6.4%-roughly equivalent to the combined populations of Detroit and San Francisco. The Arbitron figures were even more dramatic. From 9 a.m. to noon, they said, viewing was down 11%-or goodbye Chicago. The arithmetic for the prime-time evening hours was less dramatic, but significant nonetheless. Nielsen said the nighttime decline was 3.1%; Arbitron said...
Supporters of the left display as much uneasiness as their counterparts on the right. They decry the "austerity measures" which Prime Minister Raymond Barre has been carrying out in an attempt to stimulate the French economy without fueling inflation. Instead, they favor proposals of the Common Program, which promises increased benefits and services for workers, raises in salaries and wages, and worker participation in industrial management. But the future of the Common Program is in doubt, because of bitter fighting between its adherents. The Union of the Left, a coalition of Socialists, Communists, and the tiny Leftist Radicals party, shattered...