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...peak of $233.70 an ounce. "We had not expected much," explained one Zurich foreign-exchange dealer about Carter's plan, "but neither had we expected so little." On hearing the news, Carter remarked rather tartly to his economic advisers: "I did everything you said would make the market go up???and it went down. What happened...
...this way is our belief that God created men to play the roles assigned to them. The God who has created us cannot be evil in any sense: He is good and beneficent (contrary to God's image that a Sheikh in our village Quranic teaching school had drawn up???a mighty and frightening Being...
...ever thought they would, and then go up to their eaves in debt. In some pleasant but by no means luxurious residential areas of the Northeast, Midwest and West, even $50,000 to $60,000 houses are almost nonexistent, while dwellings of $75,000 to $85,000?and up???are standard. The prices for new houses in June averaged $62,100 around Chicago, $67,700 in the Washington, D.C., area, and $72,100 around Los Angeles...
...malaise on oil. Many countries have long suffered from high inflation because they were living beyond their means for years. Particularly in the West's mass-consumer societies, the poor wanted to live like the middle class, and the middle class wanted to live like the rich. Demands piled up???for more goods, fatter wages, higher social welfare?and prices soared. Still, by best estimates, the rise in energy prices caused one-quarter to one-third of the world's inflation last year. As the price of oil increased, it kicked up the prices of countless oil-based products, including...
...self before leaving office, had been widely discussed, so it seemed unlikely that Ford was all that unaware of his authority. Jaworski, moreover, was not poised to throw the book at Nixon. He was prepared to seek a single indictment for conspiring to obstruct justice in the cover-up???but not until the conspiracy-trial jury had been selected and sequestered. To the contrary, Jaworski had submitted to the White House, at Buchen's request, a memo from his top deputy, Henry S. Ruth Jr., citing ten other areas of in vestigation of Nixon but stressing that "none of these...