Word: five
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Dates: during 1980-1980
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...about 3 p.m. the satellite feeds begin to come in from overseas. Most of them are routed through London, where Peter Jennings, one of the show's three anchormen, is always stationed to read foreign news. London is five hours ahead of New York, and Jennings has already taped his segments, which are fed, along with everything else, into a warren of machines in the basement of 7 West 66th. There sound is meshed with video. The recent purchase of new equipment has greatly speeded up the complicated mixing process. Nonetheless, there is a frantic rush each afternoon; everything...
...five minutes to 6, the captains on the bridge pick up their papers and rush down to the control room in the basement, where seven or eight technicians are already in place. There, facing a wall of TV screens, they orchestrate the broadcast. Porges makes sure that each segment adheres to its time schedule. Because of commercials there are only 22 minutes for news in the half-hour broadcast, not a second more. If something runs long or short, the two domestic anchormen-Tom Jarriel in Chicago and Frank Reynolds in Washington-have been given compensating sentences they can drop...
...underscore the inflation danger, January wholesale prices released last week showed a jump of 1.6%, or a compound annual rate of 21%, the largest such wholesale price rise in five years...
...upward momentum to inflation. The dilemma, of course, is that cutting taxes to stimulate investment simply balloons the deficit, which also tends to nudge up inflation. Said Tax Expert Pechman: "Unless expenditures are cut, there is simply no room in the budget for a tax cut now for another five years...
With the Senate and SEC investigations concluded but inconclusive, Miller's opponents now demand that the Justice Department dig further. Last week five Senators sent Attorney General Benjamin Civiletti two separate requests for a special prosecutor to investigate possible perjury. Said Senator William Proxmire: "It appears clear that Mr. Miller's testimony before this [Banking] Committee in 1978 was false and misleading." Civiletti has been slow in pushing the inquiry of his fellow Cabinet member and has not questioned several top Textron executives. Referring to the Abscam scandal, Senator Robert Dole quips: "Maybe the Justice Department...