Word: fourth
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Dates: during 1980-1980
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...fourth and fifth floors of the seedy Morski Hotel in Gdansk, where Solidarity has its headquarters, there is unanimity on goals but little agreement on tactics. Indeed, listening to the leaders talk strategy, it seems remarkable that Walesa has managed to check Solidarity's innate militancy. Says Bogdan Lis, 28, the only union leader who belongs to the Communist Party: "None of us has trust or belief in those people [the authorities]. We consider them opponents." Alina Pienkowska, 28, a meek-looking nurse who is actually a firebrand, says the authorities have to prove that "the renewal...
...Economists, which gathered last week to examine the economic outlook for 1981. To a man, the board agreed that the weakened U.S. economy simply cannot endure many more shocks and setbacks like those that have afflicted it for the past two years. The tone of the meeting, the fourth and final of a troubled year, was similar to that set by David Stockman, Ronald Reagan's designated new budget director, and New York Congressman Jack Kemp. Three weeks ago, they sent Reagan a 23-page memo in which they called for the declaration of a state of national emergency...
Walter Heller, a former economic adviser to Presidents Kennedy and Johnson, warned that the economy is already weakening, and will wind up registering around 2% in real annual growth during the fourth quarter of 1980. Heller predicted that overall economic activity during the first three months of 1981 will decline approximately 1.5% and remain essentially stagnant for the following quarter...
...have more than a 120-day supply, twice the desired amount. As the auto industry last week prepared for its annual holiday shutdown, only three of Chrysler's six assembly plants were operating. The company, which had once vowed that it would earn a profit in the fourth quarter, will probably lose more than $200 million between October and December. That would push its losses for 1980 to an astonishing $1.7 billion, breaking the current record for the highest yearly loss in U.S. corporate history, set by Chrysler in 1979 with $1.1 billion...
...audible sigh of relief. That was when Judge William Bryant announced the sentences for two former top agents convicted on Nov. 6 for their roles in approving illegal break-ins during the Nixon Administration in the early 1970s. Found by a jury to have conspired to violate citizens' Fourth Amendment rights to be free from unreasonable searches and seizures, W. Mark Felt, 67, who had been the FBI's deputy director, and Edward S. Miller, 52, once its chief of domestic intelligence, could have been given ten years and $10,000 fines. But Bryant chose not to jail...