Word: deliverence
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Montazeri's appointment caused some unease in Tehran's ruling circles, where there are sharp divisions on how to manage the country's stagnant economy. Montazeri is the youngest of Iran's handful of Grand Ayatullahs and has an undistinguished reputation as a religious scholar. Considered more of a pragmatist...
Since his election in 1983 as Chicago's first black mayor, Democrat Harold Washington has been entangled in an epic feud with the party's long-entrenched regulars, led by Alderman Edward Vrdolyak. The result has been legislative paralysis, with the 21 city council votes that Washington controls more than...
No one was prepared for an exciting surprise. In a brilliant end run that assured world attention, American PEN President Norman Mailer asked Secretary of State George Shultz to deliver the gathering's opening address. Unfortunately, the novelist did not notify the PEN board of directors, who were dismayed when...
President León Febres Cordero ordered the renegade officer to surrender, then went on television to deliver an ultimatum: either Vargas surrender or government troops would move in. The President later sent a personal secretary to negotiate with Vargas. While the three-hour meeting was in progress, the Defense Ministry...
Inflation seems so weak that many businessmen and economists think the Federal Reserve could allow interest rates to fall even further without risking a jump in prices. Says Edward Yardeni, chief economist for Prudential-Bache Securities: "Lower rates could deliver us into the golden land of zero inflation and 6...