Word: crossroads
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Dates: during 1970-1979
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Although comparisons at this time with Tut's treasure are surely exaggerated, there is no denying that the excavation will yield important information on a particularly puzzling gap in the murky past of one of the crossroad regions of the world, a melting pot of ancient Mediterranean and Eastern cultures. Says Archaeologist Viktor I. Sarianidi, leader of the research team: "These discoveries fill that gap and we learn that there was no break in the development of the culture...
...chairman of the Joint Economic Committee wasted no time stating the issue as he saw it. "We stand today at a historic crossroad," said Senator Hubert H. Humphrey. "We can accept the policies that have brought stagflation. Or we can . . . replace them with a new economics." He was referring to the "Full Employment and Balanced Growth Act of 1976," which he has co-authored with California Representative Augustus Hawkins and which is rapidly becoming a kind of election manifesto for liberal Democrats. The true purpose of last week's hearings was to give national exposure to the legislation...
...Major Crossroad. He argues with cool passion that a free market functioning on its own without Government intervention is the most efficient and equitable way to allocate goods and services. But he likes to sound out economists who disagree, and he is likely to consult regularly with many of them and run a fairly open CEA. Over the years, Greenspan's ideas have been pragmatically tempered. He does not, for example, think that an immediate return to the gold standard is feasible, as he once did, although he says that the issue is "arguable...
...slimmer profit margins in 1975. In order to begin moving toward stabilizing the economy by 1976, he says, decisions for doing so must be made now. To help make those decisions, Greenspan is willing to take his quarter-of-a-million-dollar pay cut. "We are at a major crossroad," he says. "The actions taken in the next year or two will have a significant impact on where...
...Abba Eban was in Washington last week to discuss disengagement in general as well as U.S. aid, Israel's negotiator will probably be Defense Minister Moshe Dayan. That would please Washington. Says one ranking U.S. official: "Most Israeli leaders will talk to you about that hill or this crossroad. Dayan is the only one who can see the whole landscape of a possible disengagement." Dayan, however, is under severe criticism at home for the lack of preparedness that led to heavy Israeli losses early in the war. Unless he can make a spectacular recovery in the Washington talks...