Word: spending
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Dates: during 1970-1979
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...forbidding companies to export pounds or dollars to build plants abroad, businesses evaded the controls by borrowing in the Eurodollar market. The amount of Eurodollars available for borrowing sharply increased after the 1973-74 jump in oil prices. Members of the Organization of Petroleum Exporting Countries, unable to spend their petroprofits fast enough, began parking many surplus dollars in banks outside the U.S. Cartel members now have $74 billion in these Eurodollar deposits. Bankers also started lending large amounts of Euromarks and Euro-francs, which are West German marks and Swiss francs deposited outside their home countries...
Observer (up an impressive 572,961, to 1,278,819). But the returning papers are buoyed by reader surveys that predict a wholesale return of the faithful when the Times resumes on Nov. 13 and the Sunday Times on Nov. 18. To entice them, the Times is planning to spend between $2 million and $4 million on a promotional blitz. It also will publish special eight-page supplements on major issues of the past year, on developments in the arts and on books. For the record, there will be three eight-page obituary supplements. The Sunday Times, which bought serialization...
...short films in a disused trolley barn in Budapest and ended up occupying the penthouse floor of Claridge's in London, where Churchill and Beaverbrook lingered over brandy and where a supply of fresh toothbrushes, still in their cellophane wrappers, was kept to accommodate women who decided to spend the night. Some of them, it was said, were seduced by a sad and spurious tale of impotence that had resisted the best ministrations of international medicine. Their competitive instincts aroused, they invariably discovered to their delight that they could succeed where science had failed...
...around Cambridge, City Council candidates are worried. They spend all day courting rumors, but still have no idea how they're doing. "I could get thousands of votes--I could get almost none," one candidate mourned last week. "We're all in the eye of the storm," council incumbent Mary Ellen Preusser added last week. Like the racetrack, everyone else is in the dark too. "More people have given me more theories in the last week than I can remember," one city observer said Friday. "And none of them were right," he added...
...cares about the School Committee. Candidates spend as much time convincing the public to take them seriously as they do debating issues. While City Council candidates bask in the limelight, school committee candidates patiently remind voters that they wield as much power as their more esteemed colleagues...