Word: congress
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Dates: during 1970-1979
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...Congress acts to save the automaker from bankruptcy...
...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...
Iran was weighing on the mind of the President last week when he announced that he would ask Congress for an increase in defense spending of close to 5% a year, adjusted for inflation. Speaking to the U.S. Business Council in the White House East Room, Carter left no doubt that keeping up with the Soviets was the main motive for revising his thinking, but he cited the crisis in Iran as a "vivid reminder of the need for a strong and united America ... which need not bluff or posture in the quiet exercise of its strength...
...Pressler was beginning his candidacy, a reporter asked South Dakota Republican Chairman Dan Parish what he thought. Said Parish: "I can sum it up in three words-ha, ha, ha." But the junior Senator from South Dakota does not think his candidacy is a joke. "When I ran for Congress in 1974,1 started with one volunteer. But I ran an idealistic campaign and stayed with the issues. Some day, and maybe it won't be me, someone will run an idealistic presidential campaign based on the issues...
...Congress provides the needed funding, the probe will be carried into earth orbit by the space shuttle in the summer of 1985. Boosted by a conventional rocket, it will fly off toward the comet, gradually accelerated by its cluster of six or eight small ion engines, during the four-month journey. On command from earth, it will drop a small instrument-packed probe provided by the European Space Agency directly into the comet's head, which scientists believe is made up of icy debris and a smattering of organic molecules. Because comets have probably changed little since they were...