Word: traded
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Dates: during 1970-1979
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...affecting political campaigns. They can contribute up to $5,000 to any of the 1,828 political action committees (PACs), which in turn can hand that sum on to candidates. Corporations, by soliciting their employees and stockholders, can form PACs too. Since the mid-'70s, companies and their trade associations have formed some 1,200 of these committees. PACS contributed more than $60 million to the 1978 election campaigns for the U.S. Senate and House of Representatives alone. The apparent impact thus far has been not to strengthen conservatives as such but simply to strengthen incumbents, since the PACS tend...
...follow a tough anti-inflation policy as long as may be necessary. Said Walter Seipp, vice president of the Westdeutsche Landesbank in Düsseldorf: "Everything depends on whether the U.S. Government will succeed with its very tight money policy in reducing the American inflation rate and improving its trade balance...
...Princeton University] I went for a master's degree in engineering and I built an automatic transmission, a torque converter, by hand; that was my thesis. [At Ford] I got pretty damn good, just through the passage of time. After 32 years I really became, in my trade, a brilliant brain surgeon and suddenly I find myself dismissed, shocked, and my thoughts were: "I don't want to operate on a guy's feet, because I won't be good at that; I'm a brain surgeon." And that was the auto business...
...since Moses led the children of Israel out of the house of bondage, traffic between Egypt and the Promised Land has been relatively intense. It has been curbed during 30 years of hostilities, but one fruit of a Middle East peace agreement would be a surge in the tourist trade...
...prices of U.S. exports are down and prices of imports are up-and people do respond to price changes. Look at the drop in Datsun and Volkswagen sales in America, she says, and at Detroit's unaccustomed competitiveness in foreign markets. In time, the U.S. will repair its trade balance if-a big if-it can keep inflation from eating away its improved competitive situation...