Word: rosing
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Dates: during 1970-1979
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After joining the party, Teng studied briefly at Sun Yat-sen University in Moscow and then returned to China in 1926. He rose rapidly in party ranks, becoming political commissar of the Communist Seventh Army at the age of 25. By that time he was a convert to the guerrilla strategies of Mao Tse-tung, the new chairman of the party's military committee. When these theories were attacked by other Communist leaders, Teng was ousted from office?the first of three times he was to suffer this ignominious fate...
...turnabouts occurred because 1978 was the year when the U.S. ran out of excuses for bad economic policy and performance. The collapse of the dollar drove home the truth that the nation is suffering from shockingly lower investment and productivity than its industrial rivals. (American output per hour worked rose a mere .3% in the twelve months ending last September, a record that one high Administration official calls "an utter disaster.") The trade deficit that looked freakishly large at $26.5 billion in 1977 grew even bigger, and this time it could not be wholly blamed on oil imports -which actually...
...demands of a growing and inflationary economy. Throughout 1978 the Fed kept letting interest rates rise to discourage borrowing; banks raised the prime rate 14 times, by a total of almost 4 points, to 11.5%. Loan demand stayed high, however, and money supply kept bounding up; in September it rose at an annual rate of 15.8%. But the cumulative effect of the interest increases may be retarding money growth at last. Money supply in October rose at an annual rate of only 2%, and in November it actually dropped at a 4.5% clip...
...that be? Well, the production index began the first year at 100 in January and rose to 110 in December. The next year was flat, so the index also measured 110. No gain, right? Not really...
Hours after the burial of Jeffrey Hunter, 16, four of his classmates at Ridgewood High School sat talking about the death. Why had Hunter hanged himself? Suddenly, Christopher Mathieson, also 16, rose, said he had something to do and sped home on his moped. Sensing trouble, the other students ran to Mathieson's house. They found him hanging in a stairway closet...