Word: smalling
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Dates: during 1970-1979
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...Cuba's southern coast there is a port named Cienfuegos. Its harbor can be reached only by a single channel leading to a bay dotted by a number of small islands, on one of these islands, Cayo Alcatraz, a U-2 on Aug. 26 photographed new construction activity that had not been evident during a flight eleven days earlier. All that could be definitely identified was work on a wharf and on some new barracks. In itself this was not unusual. What made it of more than passing significance was another piece of intelligence: a flotilla of Soviet ships...
...fundamentalist following so far remains overwhelmingly white and heavy with farmers, blue-collar workers and small businessmen. He cannot get too far out in front of them politically. That may not be a problem. On issues, he says, he has always been conservative down the line. Asked if he could recall a single instance in which he had ever taken what would be considered the liberal side of an important public question, he thought for a moment, chuckled and replied: "No, I guess there is no way you're going to be able to clean...
...battered by inflation and recession, worried about oil and lacking confidence in leaders and cures, the gold rush of '79 has turned into a stampede as schoolboys, housewives and pensioners have jumped in along with big investors. It is a surge that bodes little good for late-coming, small investors, the fragile international monetary system, the dollar and even some national economies...
...scuttlebutt had it that a single Saudi investor was looking to buy a ton of gold worth about $12 million, and the market was being dominated by just a few large purchasers-including one unidentified German buyer and an unknown Canadian industrialist. About all that is certain is that small investors are now joining in the gold action...
...gold dealer, believes the bulk of the buying can be traced to three sources. Demand from the Middle East remains strong, he says, not only from OPEC governments eager to protect their oil profits from U.S. inflation and the decline of the dollar, but also from peasants and small traders for whom gold remains the most popular portable security. Demand from Europe is accelerating because inflation there is rising. Bullion fever has now spread to Switzerland, reflecting fears about inflation even in that land of granite-hard currency...