Word: began
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Dates: during 1980-1980
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...smattering of applause. Franciszek Cardinal Macharski of Cracow wearing crimson biretta and robes: hearty applause. Then Union Leader Lech Walesa, the improbable hero of last summer's strikes, bundled in his customary duffel coat: tumultuous applause. After a minute of silence, the city's church bells began to peal, and ship sirens wailed from the port, a keening cry that sent shivers through the crowd. The names of those who died at Gdansk and Gdynia in 1970 were read aloud, with the-workers shouting back after each one: "Yes, he is still among us!" Walesa lit a memorial...
Born in St. Petersburg (now Leningrad) in 1904, Kosygin came from modest beginnings. The son of a lathe operator, he held a series of managerial jobs in the Leningrad region, until he began a spectacular rise to power in the late 1930s. Escaping the Great Purge that dispatched millions of others to Stalin's Gulag, he became mayor of Leningrad. By 1939 he had ascended to membership in the ruling Central Committee...
...eight years with the flaccid Padres, Winfield, 29, signed a contract with the New York Yankees that will reportedly bring him as much as $20 million over the next ten years. His agreement with the Yankees, by far the richest contract since baseball's free-agent era began in 1976, makes him the highest-paid American athlete. Houston Astro Pitcher Nolan Ryan's $1 million a year and fellow Yankee Outfielder Reggie...
Pechman estimated that federal spending will be $660 billion in the 1981 fiscal year that began in October. Given the current level of taxation and continued weakness in the economy, that will mean a budget deficit of about $60 billion before any Reagan tax cut. If tax reductions are enacted, the deficit could easily go to perhaps $75 billion. Much of the increase will come from so-called uncontrollable budget categories such as interest on the national debt, unemployment compensation insurance and welfare payments...
...first quarter and bond markets collapsed following Jimmy Carter's proposal of a fiscal 1981 budget with a $ 15.8 billion deficit, the Fed hit the brakes hard. It imposed credit controls on consumer borrowing and clamped down on bank lending. The prime rate, which began the year at 15.25%, quickly climbed to a then record 20% in April. The price of stocks and gold, which had been strong, fell quickly. But the economy cooled so that inflation declined to the year's low in July, when there was no month-to-month change in the Consumer Price Index...