Word: weeks
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Dates: during 1970-1979
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...most extravagant Christmas gift a bountiful Uncle Sam has ever given a U.S. company. Just before recessing for the holidays, Congress last week agreed to extend an extraordinary $1.5 billion loan guarantee to the ailing Chrysler Corp. and sent the measure to the White House for Jimmy Carter's signature. The gigantic bailout, dwarfing the $250 million Lockheed loan guarantee of 1971, is designed to save from bankruptcy the nation's third largest automaker and tenth ranking manufacturer (1978 sales: $13.6 billion). With Chrysler's losses mounting daily, its 1979 deficit is almost sure to exceed...
This wouldn't have happened if Mayor Daley were still alive." So Chicagoans console themselves when things go wrong, and last week, it is true, the late Richard J. Daley would scarcely have recognized his beloved city. A transit workers' strike stranded a million commuters and temporarily disrupted the city's economy. A walkout by oil delivery truck drivers caused a gasoline shortage. For the first time, the city's firemen voted to authorize a strike. And the school system, the nation's third largest, was on the verge of bankruptcy and in danger...
Byrne's biggest problem has been the transit strike. By taking a tough stand, she initially had public opinion on her side. The 11,000 transit workers are among the highest paid in the nation; experienced bus drivers make $10.58 an hour. Only a week before the walkout, a settlement seemed in sight. The two Amalgamated Transit Union locals agreed to two cost of living increases a year with a 14% annual ceiling. But then talks abruptly broke...
...metaphor. Jimmy Carter, frustrated by the failure of his economic pressures to win the release of the 50 American hostages, let it be known that he was seriously considering a naval blockade. Before it comes to that, however, he is formally asking the United Nations Security Council this week to impose some form of economic sanctions on Iran-a step that has been taken only once before, against Rhodesia in 1966. Noting that Tehran has repeatedly ignored U.N. pleas for the hostages' release, Carter declared on nationwide TV: "Iran stands in arrogant defiance of the world community." At stake...
Thus, in the seventh week of the cruel stalemate over the hostages, tensions mounted again-in Iran, the U.S. and also in Panama, where the deposed Shah Mohammed Reza Pahlavi took up residence on the Pacific resort island of Contadora. In Panama City, several hundred leftists marched through the streets, spray-painting FUERA EL SHAH (Shah get out) on trees and walls and hurling stones at the U.S. embassy. A squad of 30 helmeted officers mounted on motorcycles charged a ragtag band of 100 marchers, led by part-time Radio Commentator Miguel Bernal. The police and National Guard beat...