Word: rico
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Dates: during 1970-1979
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From soundings taken in all 50 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands, TIME correspondents assessed the struggle this way, as of week's end: 1,104 delegates for Ford, 1,090 for Reagan, 65 uncommitted. The figures (see chart) include projections of delegates to be chosen this week in Utah and Connecticut. Avowedly uncommitted delegates known to lean strongly toward one candidate have been credited to their favorite...
Follow-up examination by the giant radar antenna at Arecibo, Puerto Rico, quickly dispelled that notion. The radar data indicated that the landscape was littered with boulders ranging from 3 ft. to 15 ft. in diameter. Despite pressure from biologists anxious to begin Viking's life-seeking experiments, Martin decided that the risks at the second site were too great for the 1,270-lb., three-legged lander; to lose it on landing would leave the billion-dollar Viking mission totally dependent on Viking...
...month ago, when President Ford invited six fellow world leaders to meet in Puerto Rico for a discussion of economic issues, his move was widely criticized both at home and abroad as a political ploy. The meeting was called, so went the criticism, to strengthen the President's chance of gaining the Republican nomination over Challenger Ronald Reagan. The summit did serve that purpose. Ford, who is at his best in small groups, enhanced his status as a world statesman last week by playing the charming and well-briefed host to British Prime Minister James Callaghan, French President Valery...
Fortunately, the Puerto Rico summit served less narrow purposes as well. The atmosphere was almost totally different from the first economic summit last November, when the leaders spent a weekend at the Cháteau de Rambouillet near Paris as the guests of Giscard. Then the mood was anxious concern about the worldwide recession. This time, as the leaders talked for eight hours at the Dorado Beach Hotel, overlooking a palm-lined shore, the mood was optimistic. The only real worry was that the world recovery might be proceeding too quickly...
...warning sign is a sudden resurgence of inflation. From January through May, prices have been rising at a faster rate than in 1975 in four of the seven nations represented at Puerto Rico. The British rate, though it declined from 24.9% to 15.7%, remains ruinously high. Meanwhile, the Japanese tempo has nearly doubled, and Italy's rate has rocketed to potentially catastrophic proportions (see chart). The U.S. has reduced its rate to an acceptable level-by following politically painful policies of holding down growth and accepting a high level of unemployment...