Word: threes
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Dates: during 1980-1980
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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...
Like factory and office workers, farmers suffered through a year of upheaval. Following the Soviet invasion of Afghanistan, President Carter suspended shipment of $2.6 billion worth of corn, wheat and soybeans to the Soviet Union. Farm prices immediately collapsed, with the price of corn falling by 10% within three days of trading, the price of soybeans by 8% and that of wheat by 9%. Many farmers suffered a second disaster when a searing summer heat wave and drought scorched crops and pasture lands from Texas to North Dakota. The temperature in Dallas was over 100° for 53 days...
...Iranians arrived in Bali insisting on their right to denounce Iraq's invasion of their country three months ago and its continued detention of Iranian Oil Minister Mohammad Javad Tondguyan as a prisoner of war. When the conference opened, they disrupted the proceedings by propping a 2-ft. by 3-ft. photo of Tondguyan in the chair reserved for Iran's chief delegate. To protect its Oil Minister, the Iraqi delegation packed 17 guns at the conference. Some Iraqi aides wore guns even inside the meeting room in defiance of the security regulations of their Indonesian hosts...
...projected sales of the stylish, economical K-car. Even the once popular sub-compact Dodge Omnis and Plymouth Horizons are selling poorly, and dealers now 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...
...death of God, the need for God, the rage against God if he does exist have obsessed Britain's Peter Shaffer for more than a decade. He has written three psychodramas that are, in a way that no author of an adulterous farce could imagine, plays about the eternal triangle. Two men are pitted against each other under the baleful or indifferent eye of a God who is present but never made manifest...