Word: programer
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Dates: during 1980-1980
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...incident occurred at the height of American public outrage over the Soviet invasion of Afghanistan and Iran's refusal to release the 50 hostages being held at the U.S. embassy in Tehran. Jimmy Carter had just announced a program of sanctions against the Soviet Union, including an embargo on shipments of grain to the U.S.S.R., and U.S. longshoremen were balking at handling any Soviet cargoes. Then, Local 160 of the Professional Air Traffic Controllers Organization (PATCO) posted a notice on a bulletin board at the Kennedy tower urging members not to guide Soviet or Iranian aircraft...
...austerity program immediately released about $300 million in loans and grants from the West that had been held up until Turkey gave proof of its fiscal responsibility. The unanswered question is whether Demirel's measures will really help in the long run. OPEC price hikes will soon add around $100 million more to the country's monthly fuel bill of $150 million. State-run factories will be forced to choose between raising prices sky high or laying off thousands of workers-at a time when unemployment is already running at 20%. The discontent of the jobless can only...
...immediate fallout of Demirel's program was an across-the-board rise in prices The cost of gasoline and other petroleum products shot up by 50% to 100%, bank interest rates by 22%. "It is true that the new measures will produce higher prices and therefore hardships," said one government economist, "but inflation was doing that anyway, so the situation has changed little for the genera public." In truth, Demirel had to do something-anything-to straighten out the economy. Inflation was approaching 100%, foreign exchange reserves have fallen below $500 million, and the country had virtually no credit...
Carter's program draws blasts from both Democrats and Republicans...
...digits and unemployment would be growing. But for all the President's candor, the policy he outlined in his message and the new budget that preceded it were getting blasts last week even from Democrats. Said Arthur Okun, chief economic adviser to President Lyndon Johnson: "This is a program for muddling through an election year. It does not make hard choices...