Word: slowed
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Dates: during 1970-1979
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...comrades from World War II in bidding farewell to the sailor-statesman. A dazzling September sun glinted off swords and breastplates and sharpened the bold colors of the regimental standards dipped in salute. To muffled drums and the somber measures of a Beethoven funeral dirge, the cortege began its slow march through the streets of London. Hundreds of thousands of Britons lined the funeral route; many had slept on the pavement all night to be sure of a view of the procession, which stretched for nearly a mile...
Whatever the calendar may say, for many business people the day after Labor Day marks the start of a new year - the end of the slow season, a time of fresh beginnings. But this new year opened with a disquieting week of turmoil. As nervous investors continued to convert cash into inflation-proof tangible assets, the price of gold shot up to a wallet-popping $341 an ounce before settling back at week's end to $329. The Dow Jones industrial average, which had been rising since July, plunged 15 points in one day, the largest decline since last...
While the flight to gold shows that some investors remain worried about the long-term direction of the U.S. economy, the market decline early last week was considered to be a short-lived emotional response to higher interest rates. These both slow the economy and make bonds relatively more attractive than stocks. Federal Reserve Chairman Paul Volcker repeated that he is committed to throttling back the growth of money supply, and that interest rates would therefore remain high as long as the rate of inflation did. Indeed, the banks' prime rate for business loans climbed from...
...congressional authority to extend the guarantee of the Overseas Private Investment Corp. to include China, thus responding to the new Chinese investment law that allows up to 100% ownership of foreign-built projects. The U.S. moves came as a relief to Chinese leaders, who had been chafing at the slow pace of practical cooperation with...
Egypt was almost equally adamant. When Strauss presented the proposal to Sadat, the Egyptian President called the plan "stupid." Sadat wanted nothing to slow the Camp David timetable calling for Egypt in January to regain two-thirds of the Sinai, including valuable oilfields. He feared that a U.S. proposal on the Palestinians would so outrage the Israelis that they might find some pretext to delay in fulfilling their Camp David conditions or to walk out of the current autonomy talks aimed at granting some self-rule to West Bank and Gaza Palestinians...