Word: seven
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Dates: during 1970-1979
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These were all part of the preparations for Pope John Paul's historic, seven-day American tour, which will begin with his arrival in Boston next Monday. He will celebrate Mass at each major stop -Boston, New York, Philadelphia, Des Moines, Chicago and Washington-and visit St. Patrick's Church in the tiny farm town of Cumming, Iowa. Along the way, John Paul will address seminarians and school students, visit with cardinals and civic dignitaries and attend a huge reception on the White House lawn that threatens to turn into a political rally: the President's invited...
...unites a large suntan piazza, a luxurious office building for the British Columbia government and a seven-story courthouse covered with a shimmering glass roof that is one of the biggest (53,000 sq. ft.) of its kind in the world...
That wry description of the policy of the Federal Reserve Board's new chairman is already making the rounds in Washington. Though he has headed the U.S.'s central bank for a little more than seven weeks, tall, taciturn Paul A. Volcker has lost no time in establishing himself as a staunch inflation fighter, dollar defender and hard-liner on interest rates. Since he took charge on Aug. 6, the key rates used to manipulate credit policy have shot up dramatically. The Fed last week raised the discount rate, which is the interest it charges on money that...
...latest discount rate increase prompted a rare rebellion among its seven governors. Three of them opposed the move, saying it would seriously worsen the slowdown in the economy. There are signs that the recession will be deeper and longer than was predicted only three months ago. So some economists dispute Volcker's assertion that "what basically is good for the dollar is good for the economy at home." They are fearful that in his zeal to raise interest rates to buttress the buck abroad, he will worsen the Interest rates have been rising through the industrialized world since July...
...scene is different at the seven-story ABC News center on Manhattan's West Side, which, in the hours before World News Tonight hits the air, becomes a busy electronic workshop. In little warrens crowded with equipment, teams of directors and technicians labor to give visual excitement to the taped voices of ABC correspondents, patching quick-shifting background scenes, stunting with double dissolves and freeze shots to fill the exact 47 or 73 seconds allotted a story by the producer. Then comes a final mixing of words and pictures, with a Chiron machine imposing labels or texts in front...