Word: summer
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Dates: during 1970-1979
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...vote ended months of uncertainty over who would hold power in Lisbon. The Socialists, who are the largest party in the fractious Assembly, rejected the previous government, which was formed last summer by Alfredo Nobre da Costa, an apolitical technocrat, at the behest of President Antonio Ramalho Eanes. Eanes had just dropped Socialist Party Chief Mario Scares from the premiership after his governing coalition with the conservative Center Democrats fell apart. Scares was incensed by his ouster and was particularly upset because Eanes had not consulted the political parties before choosing Nobre da Costa. The former Premier insisted Eanes' action...
...headline-grabbing Bakke decision last summer left open more questions about reverse discrimination than it answered. The Supreme Court outlawed explicit racial quotas for admission to universities receiving federal funds, while ruling that race could still be a factor in selecting applicants. But the court did not say how far employers could go with affirmative-action programs designed to give minorities a break, programs that often use quotas and also affect millions of workers...
PRODUCTION. Real G.N.P. next year will average a mere 2% higher than in 1978, and most of the growth will occur in the first quarter. By spring, or summer at the latest, output will turn down. Housing, as willingness to risk recession in order to reduce U.S. inflation...
...American Exchange, Resorts had been a Wunderstock that had risen as high as $69.50 a share this summer. But after the report came out, it dropped almost eight points, closing the week at $23.62. The shares did not take more of a drubbing because even a negative ruling from the Casino Control Commission, which plans to begin hearings next month on granting Resorts a permanent license, could put several hundred million dollars in the company treasury. If Resorts lost its license, a state-appointed "conservator" would sell the casino and turn over the money to Resorts. The sale price would...
...Reds' Rose of summer breaks free and makes a mint...