Word: term
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Dates: during 1970-1979
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...trouble is Capitol Hill, and as you say, in the coming election nobody expects any radical changes in party strengths. The voters keep mindlessly sending back to Washington the same people who have been in control for most of the past 50 years. In the absence of a one-term limitation on Representatives and Senators, who are more concerned with their perpetuation in office than with the public good, the best thing we could do would be to clean house in Washington at every election...
...Jones industrial average jumped 35 points Wednesday, its largest one-day rise in history. On the commodity markets, prices for future delivery of cattle, soybeans and cotton briefly fell, partly in the expectation that inflation really would slow down. Oddest of all, bond prices rose sharply, and long-term interest rates actually fell. Apparent reason: a dollar recovery and less inflation might bring interest rates down in the long run, however high the Federal Reserve may jack them up over the next few months...
Last week the city council met in emergency session to find a way out of the city's most pressing problem: a shortage of money. According to some estimates, Cleveland is running a $16.5 million deficit and may have to default on $15 million in short-term notes that come due next month. One way out, says Finance Director Joseph Tegreene, 25, is to float a $50 million bond issue in December. But the city's credit rating is as low as New York City's was during its 1975 financial crisis...
...when the Senate's only black member, Sen. Edward W. Brooke (R.-Mass.), was forced to concede defeat early Tuesday night to Rep. Paul E. Tsongas (D.-Mass.) in an election that has prompted many blacks into feelings of bitterness towards white liberals who, they feel, betrayed the two-term incumbent...
...University and the people who staff its dining halls raises a number of disturbing questions about the underside of labor relations at Harvard. Granted, the exchange between the dining hall workers' union, Local 26, and the University negotiators has, to say the least, never been what anyone would term cordial. Nevertheless, the course of the recent negotiations reveals Harvard's consistently hard-line, legalistic and impersonal attitude towards organized employees...