Word: reporter
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Dates: during 1980-1989
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...military manufacturers will have to learn to cope with keener foreign competition, just as consumer-products companies have done. Otherwise, according to a report by the Washington-based Center for Strategic and International Studies, "in place of the arsenal of democracy, the U.S. may find it has only the best pizza parlors in the world." Robert Costello, until recently the Assistant Secretary for Acquisition in the Pentagon, has urged American companies to enter into joint ventures with foreign manufacturers to capture more offshore business...
...When the authors' work was published earlier in a scientific journal, including the fact that a few Bedfordshire cats had each contributed as many as 100 items of prey to the study, they received letters from other cat owners boasting of their own pets' prowess. The record, they report, is currently held by a cat from Dorset that dragged in more than 400 little creatures in one year. The scientists are aghast. "These proud owners," they report, "seem quite unperturbed by the slaughter...
State Department spokesmen say the FBI is investigating unspecified "illegal activities" to determine "the extent of the compromise of security that has occurred." Bloch, who was born in Austria, is believed to have been recruited there by the Soviets at least three years ago, according to an ABC News report. Posted back to Washington, in 1988 he became director in charge of relations with the European Community and other international economic bodies for the State Department's Bureau of European and Canadian Affairs...
...deepen, resulting in a substantial downturn in activity." Yet the statement came from Fed Chairman Alan Greenspan, who went public with a surprisingly frank assessment last week that, at least for the moment, a recession has replaced inflation as the leading threat to the U.S. economy. In his midyear report to Congress, Greenspan confirmed that since early June, the Fed had been allowing interest rates to fall in an attempt to prevent the sluggishness from becoming too pronounced. Said he: "What we seek to avoid is an unnecessary and destructive recession...
...grew at a healthy 15% annual rate, but fell 0.9%, to $30.5 billion, in May. Those who predict a soft landing see the one-month reversal as only a temporary setback; others are more troubled. Says Allen Sinai, chief economist of the Boston Co. Economic Advisors: "The trade-deficit report is yet another sign of the potential for a recession sometime within the next six to nine months...