Word: quarters
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Dates: during 1970-1979
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...cannot stand by itself." Said a general to the Shah: "It is against our military honor to stand the present situation." A lengthy late-night Cabinet meeting followed, and on the morning after, Premier Jaafar Sharif-Emami proclaimed a curfew and martial law for six months. Not in a quarter-century had Tehran been under the rule of troops...
Though the U.S. inflation rate has slowed a bit from its double-digit pace of the second quarter-wholesale prices actually dropped a trifle in August-President Carter and his economic advisers are under no illusion that they can claim any credit. Quite the contrary: consumer prices for the year are likely to rise 8% or even more, and the Administration is feeling public fury. As S. Lee Kling, chief deputy to Anti-Inflation Czar Robert Strauss, told fellow policymakers on returning from a trip, "You guys wouldn't believe what's happening out there. They...
...market is no longer growing by 17% to 18% a year, as it was in the mid-1970s, and has slowed to a 2% to 3% pace. Levi Strauss, the biggest U.S. blue jeans maker, showed a sales drop in its Jeans-wear Division in the second quarter, to $138 million from $173 million last year...
...strengthen the dollar and weaken inflation, the Federal Reserve Board may be forced to raise interest rates still more. The cost of short-term credit has already been kicked up nearly 20% since January; last week major banks lifted their prime lending rate to businessmen a quarter of a point to 9¼%- the highest level since February 1975. A really tight credit squeeze could tip the economy into recession, but right now the outlook is for interest rates to peak later this year and begin to drift down...
...chapel stove along with black chemical lares to send up a dark "no Pope" signal to the waiting crowds in St. Peter's Square. But the flue above the stove was broken, and black smoke seeped through the chapel, partially obscuring Michelangelo's famous frescoes. For a quarter of an hour, the assembled Cardinals coughed, covered their mouths and rubbed their eyes until two windows were opened to clear the air. As the Cardinals broke for lunch, walking to the Pontifical Hall in the palace's Borgia apartments, intense discussions were under...