Word: totaled
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Dates: during 1970-1979
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...balance, the board sees the economy remaining in recession until perhaps the summer of 1980. The total slide in the nation's output of goods and services would be anywhere from about 2% to 4%. Inflation will remain locked in double digits for the rest of 1979, but could edge down somewhat next year...
...October snowfall swirled outside, a far fiercer storm began to rage inside the exchange. Only minutes after trading opened, brokers were deluged with orders to sell. By the time trading had been under way for an hour, everyone realized that the rush was on. "It's almost a total panic," said a broker whose clients were jamming his telephones in their haste to sell. "More dramatic than anything I've seen since the assassination of President Kennedy. The institutions and banks are selling, but they aren't as dramatic as the public. The public always seems...
...this," says the University of Minnesota professor who was President Kennedy's chief economic adviser. "If they had done any less, the world markets would have responded terribly negatively. Yet the costs are high. The Federal Reserve is taking the agony route to lowering inflationary expectations: squeezing down total demand in the economy, thereby weakening both product and labor markets. Increasingly people are going to be squeezed out of [credit] markets at those astronomical interest rates." Heller does not, however, expect "a full-fledged credit crunch like we had in 1974." He also thinks that the U.S. can avoid...
...NATO members are scheduled to reach a decision on new weapons. To achieve rough parity with the growing number of SS-20 Soviet missiles targeted on European cities, NATO plans to deploy around the mid-1980s nuclear-tipped Pershing II and ground-launched Cruise missiles with a combined total of 572 warheads. Says Peter Corterier, spokesman for foreign affairs in the West German Social Democratic Party: "For the alliance to act credibly and to negotiate with the Soviets, it must make its decision now to accept nuclear weapons in the European theater. Otherwise, no arms offer has any credibility...
...library should be near the sea, which he loved. Finally, Ted Kennedy announced to a meeting of the library's board: "If Jackie wants her husband's presidential library in Dorchester, it will be in Dorchester." Architect I.M. Pei prepared new designs (he eventually made a total of five before the Kennedys-chiefly Jackie-approved). The new plans featured more flamboyant geometry and a glass pavilion with a view of the ocean...