Word: remains
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Dates: during 1970-1979
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...kicked the hell out of" the proposal and that "the citizens of Cambridge screwed themselves." Jonathan Moore, director of the Institute of Politics, hopes the library will be successful, adding that "any sense of disappointment of not having the whole cluster is well behind us." Some city officials, meanwhile, remain bitterly disappointed--officials who might agree with Crane's position: "October 20 is a day of mourning as far as Cambridge is concerned...
...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 to nine months, as previously forecast. The economy will shrink 3% during the decline rather than just 1% to 2%. Meanwhile, inflation will remain near 10%. Not until next summer will expansion resume, and even then it will be rather weak. Scarce and expensive energy will mean that growth throughout the 1980s will be sluggish. Says Democrat Walter Heller, who was President John Kennedy's chief economic adviser and now counsels brother Teddy...
...determined by monetary policy. In the eight weeks since Paul Volcker took over as Federal Reserve chairman, businessmen's basic cost of borrowing money has jumped from 11.75% to 13.5%, the highest in history. Most board members hold that the increases will soon stop but interest rates will remain steep over the next year. Some fear that the Fed may worsen the recession by inducing a classic credit crunch, in which little money is available for borrowing to finance new plants and create jobs...
...financial troubles, U.P.I. has been faster to embrace advanced technology and new lines of business than its larger rival. U.P.I. has invested more than $21 million over the past decade to automate its news-gathering operations and has opened a $10 million computer center in Dallas (corporate headquarters will remain in New York City, a few blocks from A.P.'s). U.P.I. began audio reporting for radio in 1957, and now supplies news reports to roughly 1,000 stations, 300 more than A.P. In early 1977, the company established a commodity wire report with Knight-Ridder, and also transmits news...
Luna's images are so hypnotic, erotic and beautifully shot (by Vittorio Storaro) that we enter the movie's unpleasant milieu easily and remain captivated throughout. While the film is full of golden Parma landscapes, the dominant visual fixture is the moon: it is the film's metaphor for characters whose mysterious dark sides only gradually reveal themselves. In Bertolucci's brilliant climax, set at an open-air opera rehearsal, his artis tic conceits all converge. As the camera constantly shifts its point of view, we see that Luna 's events form a different drama...