Word: warningly
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Dates: during 1970-1979
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When interest rates decline and inflation moderates later this year, the long bearish stock market should rise. The time is not yet at hand, warn TIME'S economists, who recommend putting investment money into high-yielding Treasury bills until the recession bites. Even then, the bulls may not let out a full-throated roar. Warns Pechman: "The fact that we are suggesting that late this year may be a time to buy equities does not mean that equity prices will go through the roof." But, says Beryl Sprinkel, "the cheapest assets in this world today are U.S. stocks...
State legislators across the country are now clamoring for a convention to propose a constitutional amendment requiring a balanced federal budget, and liberal oracles everywhere warn it would entangle the branches of government in a messy constitutional conflict. The convention method of amending the Constitution has remained unused ever since the Philadelphia convention wrote it in for the states to use against a Congress that ignored the nation's will. Under the process used for each of the 26 amendments now on the books, Congress proposed the change and three-fourths of the states ratified it. Article...
Just one day after China's Vice Premier Teng Hsiao-p'ing ended his visit to the U.S., another Asian leader arrived at the White House last week to warn Jimmy Carter that an expansionist, Soviet-backed Viet Nam threatens peace and stability in Southeast Asia. The new visitor was Premier Kriangsak Chomanan of Thai land, whose country has good reason to feel beleaguered...
...object of this criticism is CIA Director Stansfield Turner, 55, who last week was being blamed by critics for the CIA'S failure to warn the White House months ago that Shah Mohammed Reza Pahlavi was in danger of losing his throne. Only two days after the Shah went into exile, the House International Relations Committee began hearings on the Iran crisis and the CIA's inability to predict its outcome. Acknowledged a CIA official: "The agency will go through a wringer. We'll take our lumps...
...retired but can then sue, claiming that age was the only reason for the dismissal; the employer will then have to convince a jury that other factors were involved. As a result, bosses are planning to keep a closer watch on their older workers. Paradoxically, they may warn, demote or even talk into early retirement a 63-year-old, say, who is slipping. In the past, an employer could close his eyes to that worker's failing performance in the knowledge that the worker would be gone in two years anyway. Now, says Frank D. Sweeten, vice president...