Word: wars
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Dates: during 1970-1979
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...legacy of World War II, rent control went into effect throughout the nation in 1943 to protect the families of servicemen overseas and industrial workers at home. After the war controls were lifted everywhere except New York City, where they remain to this day. Opponents of rent control, who include some citizens' groups as well as landlords and real estate developers, point to New York's devastated South Bronx, Brownsville and Williamsburg as examples of the damage controls do. Unable to raise rents to pay for higher fuel, taxes and other costs, owners let their buildings run down...
...most keenly last week at the monthly meeting of the Federal Reserve Board's Open Market Committee, which determines the pace of money growth and interest rates. The 17 members, seated around a 30-ft. mahogany table in the room where some of the most secret plans of World War II were drawn up, faced an exquisitely difficult choice. They had to decide whether to further tighten credit and raise interest rates, thus taking the risk of tipping the nation into recession, or to maintain rates at their present levels, which might worsen inflation. Their deliberations will be kept secret...
...barren island with hardly a house upon it." Such was British Foreign Secretary Lord Palmerston's contemptuous description of Hong Kong before it was ceded to the British by a weak Chinese regime at the close of the Opium War in 1842. As a fruit of war, it was not considered a peach. But over the past 137 years, the once blighted island has developed into a bustling seaport colony that boasts a thriving economy. Though Britain's lease on 90% of the 400-sq.-mi. area expires in only 18 years, residents expect a glowing future...
These include, of course, deadlines, talented and strong-willed personnel, powerful friends and enemies. Most important, they include the tumultuous past four decades of U.S. history. "Until March 1933," Halberstam writes, "through a world war and a Great Depression, the White House had employed only one person to handle the incoming mail. Herbert Hoover had received, for example, some 40 letters a day. After Franklin Roosevelt arrived and began to make his radio speeches, the average was closer to 4,000 letters a day." After F.D.R. and radio found each other, the faster news was reported the faster it began...
...war's end brought prosperity but not a return to pre-Depression normalcy. News, most of it threatening, came thicker and faster: the cold war, Mao's revolution in China, the Alger Hiss case, Korea. At their 1952 conventions, the first to be covered by TV, both parties were forced to consider potential nominees who had challenged the old-line bosses by going over their heads and reaching the public through the channels of journalism. The Democrats stopped Estes Kefauver, but the G.O.P. accepted Dwight Eisenhower. In the end, it mattered less to the delegates that Ike was only...