Word: recorders
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Dates: during 1980-1980
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...following Jimmy Carter's proposal of a fiscal 1981 budget with a $ 15.8 billion deficit, the Fed hit the brakes hard. It imposed credit controls on consumer borrowing and clamped down on bank lending. The prime rate, which began the year at 15.25%, quickly climbed to a then record 20% in April. The price of stocks and gold, which had been strong, fell quickly. But the economy cooled so that inflation declined to the year's low in July, when there was no month-to-month change in the Consumer Price Index...
...factions were kept apart by the Indonesians, who sat between them at all the meetings. Professor Subroto, the Indonesian Energy Minister, headed off a vote on including Iran's denunciation of Iraq in the official record by telling the legend of the man who must decide whether to eat a fruit, in which case his father will die, or not to eat it, in which case his mother will die. Said Subroto at the end of the meeting: "OPEC demonstrated that even with a war between two of its members, it can continue to function...
...White House reacted strongly to the latest oil cartel action, but the protest sounded similar to those of past years. Said presidential Press Secretary Jody Powell: "We do not consider these increases to be justified, particularly in the light of the good record of the U.S. and the industrial world in restraining demand...
...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...
...record, Brando is the character wearing granny glasses and a hearing aid, the one whose fringe of white hair curls cunningly around a large bald spot and whose corpulence is encased in a wardrobe that seems to have been picked up at a thrift sale managed by the estate of Charles Foster Kane. Brando has also got himself up with a down-home country-boy accent that makes his cynicism terribly appealing-especially in the bloody and lugubrious context of this emotionally unpunctuated movie. His performance is not truly good-it lacks a real edge of sharpness...