Word: real
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Dates: during 1970-1979
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...draconian steps. But the capability must be there for credibility. The White House is nearly convinced that we must apply some kind of "bloodless military pressure" to lodge that message in the minds of allies and enemies. But a central question remains: Would Carter ever send U.S. forces into real combat for the national interest...
...will be about $30 billion, some of TIME'S economists expect it to approach $50 billion. The problem will continue into fiscal 1981, which begins next October. Says Joseph Pechman of the Brookings Institution: "It is a very dismal budget outlook, and there is going to be a real fight. I don't think Carter can get spending much below $610 billion and, even at that, he has got to be tight on everything...
...away dimes, quarters and half dollars minted before 1965; at year's end an original $1,000 in those almost pure silver coins was worth $16,300. But anybody who had put his money in a savings bank was a sucker; a $1,000 deposit declined in real value during the year to about $900, after inflation and taxes on the interest receipts...
They spent even though real personal income declined. Americans fought against the shrinking of their incomes in three ways: they sent more and more spouses to work; they drew down their personal savings; and they plunged more deeply into debt. But these defenses are rapidly being exhausted. Fully 60% of all U.S. women aged 20 to 64 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...
...arms within two weeks and for thousands of exiled guerrillas to return to Rhodesia, outlaws no longer. Declared a smiling Nkomo with some emotion: "We are going home." For all the hopeful statements, however, even some British officials conceded that they remained skeptical about the long-term prospects for real peace...