Word: quarters
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Dates: during 1970-1979
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...been the remarkable rise in jobs, but opportunities will dry up next year. Though plenty of openings will remain for the skilled, untrained workers will be let go and let down. Unemployment, which dropped slightly last month to 5.8%, is expected to rise to 7.7% by the final quarter of 1980. That will be not nearly as severe as the recent peak of 9% in May 1975. Most board members agree that unemployment will hit a high around Election Day in November, which will hurt Jimmy Carter, and that the jobless rate again will start declining as the economy picks...
...hold paying jobs; not many more housewives are in a position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion in 1974 to $369.3 billion in the third quarter of 1979. In brief, the American consumer will soon be forced to reduce his spending, and this will be a mainspring of the recession...
During the quarter-century of Stalin's iron rule over the U.S.S.R., the dictator's birthday on Dec. 21 was cause for frenzied national jubilation. As Stalin grew older, Pravda and every other Soviet newspaper carried little else but good wishes to him from groups of factory workers and collective farmers, some of whom would double their production in his honor. But since the dictator's death in 1953, and especially since Nikita Khrushchev's famed destalinization speech three years later, few Soviet citizens have felt the urge to celebrate the birth of a tyrant whose...
...against rising heating bills. Stella Falco, 74, a white-haired widow who lives in a $50-a-month tenement in Providence, is tired and bitter. After five decades of working in textile mills, she receives $3,384 a year from Social Security as well as a small pension. A quarter of her income will go for heat; price increases mean a thinning out of her already poor diet. "Why should these oil people get rich while the poor people are going to freeze to death?" she asks. "Maybe I won't even be here by the time it gets really...
...official cartel ceiling of $23.50. In unregulated markets outside the U.S., Aramco's proud parents have been able to sell their gasoline, heating oil and other products for high prices even though these fuels were made from the lowest-cost cartel crude. Largely as a result, third-quarter profits of Exxon, Mobil, Texaco and Socal jumped by anywhere from 73% to 211%. The revenue surge enraged the Saudis; Oil Minister Ahmed Zaki Yamani argues that Aramco's parents have been grossly profiteering from Saudi "generosity," suggesting that last week's Saudi price rise...