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Dates: during 1970-1979
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...imports, but American exporters found little demand for their goods abroad. Then, too, the nation's dependence on ever more costly foreign fuel increased, lifting the U.S. oil import bill to boggling heights-$40 billion last year, perhaps $50 billion this year. The result was a three-year string of stinging trade deficits, including a record $28.5 billion in 1978. The devastating drop in the value of the dollar overseas, which largely reflected the poor trade situation, helped fan domestic inflation by making imports more expensive...
...former lawyer and top-level bureaucrat, Ehrlichman writes surprisingly well in The Whole Truth. His Dean-like character, walking into a televised Senate hearing, "had no awareness of moving the parts of his body. He rolled on wheels, pulled by a string." Ehrlichman dwells too much on describing the furnishings of the capital's most notable drawing rooms, apparently in search of credentials as a serious novelist. Yet he knows Washington intimately enough to lure the reader along, even into that "double bed" above the Attorney General's office, which had been "the historic scene of demanding...
...power with a mandate for change. Worker riots in 1970 over increased food prices had toppled the Gomulka regime. The new government tried a policy of rapid economic development, heavily dependent upon Western technology and credits, to bring Poland out of economic stagnation. An international recession and a string of bad harvests led instead to an economic slump; and Gierek, like his predecessor, attempted to end artificial price controls in 1976. Workers took to the streets, and the regime backed down. With no solution in sight, Polish consumers now suffer from endemic shortages of meat. Necessary consumer goods like pins...
...horses." Quickly enough the young heir developed a passionate interest in what he described as "a game of chess with nature"-the breeding of horses -and today he reigns supreme over the French horse-racing establishment. His sport has led him into a bitter dispute over a multimillion-dollar string of Thoroughbreds...
When the Baltimore contingent moved to Kentucky, few other trainers offered Franklin mounts in races before the Kentucky Derby. To familiarize his inexperienced jockey with the tracks, Delp had to import a string of horses for Franklin to ride. Delp blasted Kentucky's horsy hierarchy for making such maneuvers necessary. "We're outsiders and these Kentucky hardboots aren't going to do a thing to help us. This is a cutthroat business, and there's always been a lot of jealousy because I came up through the ranks. But we don't need them. Ronnie...