Word: stagings
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Dates: during 1970-1979
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...important this union is. I wouldn't have gotten educated without it...I care about you and I want you to care a great deal about what happens to us on November 7." Bellotti, who is wearing a light easter-egg blue suit smiles cheesily and steps off the stage. Everyone pats him on the back, and he is surrounded by friends who call him Frank, "ole buddy...
That flicker of a grin, so often at odds with the import of his words, had disappeared. That Southern lilt, so often muffling the ends of sentences, was almost gone. As President Carter appeared on prime-time television last week to proclaim and explain the long-awaited Stage II of his campaign to slow the inflation that has reached an annual rate of 10%, his manner and delivery befitted the solemnity of his subject. Seated at his Oval Office desk and reading from a prompter, the President vowed to try "to arouse our nation to join me" in the long...
...initial reaction to the speech, and the plan, was far from encouraging. Corporate money managers, bankers and speculators, apparently believing that Stage II is too weak and will not work, sent the dollar plunging. The greenback fell to its lowest exchange rate since World War II against the yen, the deutsche mark, the guilder, the Belgian franc and the Danish and Norwegian crowns. The price of gold, which moves inversely to the dollar, reached a new peak of $233.70 an ounce. "We had not expected much," explained one Zurich foreign-exchange dealer about Carter's plan, "but neither...
...inevitable result was the summer of double-digit dis content, followed by Stage II. Announcing it, Carter conceded that the tom-toms reverberating from the Oval Office in the past had signaled anything but a determined anti-inflationary policy. The regulators who he now suggests are out of control are Carter appointees. The budget that he says is too big is a Carter budget. But the good news is that the President pro fesses at last to recognize the problems and to have learned from past misjudgments...
...With Stage II, Carter may not have bitten the bullet, but at least he bit the aspirin. The much debated new program is harmless enough, and it may give the President some time and space to do what needs to be done: cut the bloat in the budget, reduce costly regulation, encourage the Federal Reserve Board to let the money supply grow only slowly and steadily. That, and only that, can slow the price spiral...