Word: yet
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Dates: during 1970-1979
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...Yet when none of the U.S. retaliations brought any progress toward the release of the hostages, American anger and frustration became almost palpable.* New anti-Iranian demonstrations flared on campuses from coast to coast; three teen-agers threw a rock at the window of an Iranian in Denver, and he shot back, killing one of them. Eight Iranians, carrying rifles, telescopic sights and ammunition, were arrested at Baltimore-Washington International Airport as they prepared to board a flight to New York. Senate Majority Leader Robert Byrd, normally one of the mildest and most self-controlled of men, said he sympathized...
...almost inevitable result: a deeper recession than so far forecast. Despite slumping growth, the nation's oil import bill, which is projected to total $61 billion this year, would leap to $96 billion in 1980. That in turn would keep the dollar's value dropping, while provoking yet more demands by oil states for compensating price increases. The vicious cycle would continue to drag the economies of the U.S. and the world down and down...
...more realistic worry is that conservative oil producers will see the seizure of Iran's funds as proof of the riskiness of putting assets in any money, in any bank. That would add yet more weight to the growing OPEC feeling that it is smarter to cut production and leave the oil in the ground where it is safe than to turn it into dollars or other paper assets that can be seized. Confidence in the international monetary system was shaky enough before last week's action. Since 1973, the nearly tenfold increase in oil prices has sent...
This process, known as petrodollar recycling, has pushed up the debts of the less developed nations to $300 billion. Many nations are so weighed down with debt that bankers are growing wary of lending them more. Yet if they cannot borrow, poor countries will have trouble importing more oil. Without energy, their economies will slump, exports will shrivel, and they may default on existing loans. At the extreme, that would threaten some of the lending banks with failure, and the U.S. Federal Reserve would have to push the money printing presses into overdrive to bail them out by advancing huge...
...Yet, as befitted an ex-sportscaster and exactor, his delivery was as smooth and flawless as ever. Only when he told movingly of how his father had lost his job at Christmas time during the Great Depression did Reagan let his emotions show, nearly choking up. Vowed Reagan: "I cannot and will not stand by while inflation and joblessness destroy the dignity of our people." His voice also wavered at the same point in an identical TV speech broadcast that evening by about 90 stations, at a cost of some...