Word: yet
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Dates: during 1970-1979
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Such scenes inevitably irritated some Israeli officials and provoked the angry defection of two Jewish Americans in his delegation. Yet Jackson had some critical advice for the other side as well. Addressing a Nablus town meeting, he urged the Palestinians to renounce terrorism and live in peaceful coexistence with Israel. "Somebody must have the strength to break the cycle of terror and pain," he said. Then he conveyed the same message to Yasser Arafat...
...Nigeria, Algeria and Libya appear to be preparing to raise their price of oil by as much as $5 per bbl. If they do, the $23.50 "ceiling" that OPEC set only last June will be shattered, and the cost of all petroleum products, including heating oil, will move up yet another notch...
That is how TIME's Board of Economists views the Recession of '79, which it forecast as early as last November and which began in April. The bipartisan board agrees that the worst is yet to come: the recession will last 12 to 15 months rather than six to nine months, as previously forecast. The economy will shrink 3% during the decline rather than just 1% to 2%. Meanwhile, inflation will remain near 10%. Not until next summer will expansion resume, and even then it will be rather weak. Scarce and expensive energy will mean that growth throughout...
...even the populist Carter Administration has backed Volcker's high-interest policy. Yet banks have had plenty of money to lend anyway-perhaps too much. In the past month, the money supply has grown at an annual rate of 11.5%. Beryl Sprinkel, executive vice president of Chicago's Harris Bank, argues that this "hemorrhaging" must be stanched if inflation is ever to be curbed...
Like the children of Hamelin chasing the Pied Piper, investors last week continued rushing to put their paper money into hard goods. Gold scaled yet another peak on the London exchange: $397 per oz., almost double a year ago. Prices soared for platinum and silver, and even copper that was 81? per Ib. two months ago sold...