Word: third
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Dates: during 1970-1979
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Among Republicans, the struggle for the nomination remains virtually frozen. Ronald Reagan, now an announced candidate but one who has done only the most perfunctory campaigning, remains almost unchallenged in the Yankelovich survey. He continues to command the support of nearly a third of Republicans and independents. Gerald Ford, although he has disavowed an active quest for the nomination, continues as the second-most popular Republican, with 23%. John Connally remains third with 14%, up slightly from his October rating of 11%. Howard Baker is still fourth with 10%. Former CIA Director George Bush, touted by many as a potential...
...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 $1 billion, the gaudiest splash of red ink in U.S. corporate history...
...transit workers' strike stranded a million commuters and temporarily disrupted the city's economy. A walkout by oil delivery truck drivers caused a gasoline shortage. For the first time, the city's firemen voted to authorize a strike. And the school system, the nation's third largest, was on the verge of bankruptcy and in danger of closing. The "city that works" had never been so close to a breakdown...
...third day, the whole conference moved into Yamani's hotel suite for a marathon twelve-hour session. While the Saudi minister padded back and forth serving English tea, and his guests munched on Algerian dates, an idea was floated to lift Arabian light oil to $26 as a new floor price, but fix a ceiling at $30. This was rejected by Libya, Algeria and Iran...
...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...