Word: year
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Dates: during 1970-1979
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...would like to suggest Bruce Murray, director of the Jet Propulsion Laboratory, for Man of the Year...
...century setting. Atlanta's capitol holds its own 31-ft. Eastern red cedar, bedecked with red ribbons and 2,000 white yarn snowflakes painstakingly crocheted by the state's senior citizens. Boston's golden-domed statehouse backs a Common of white-lit trees. In Sacramento this year, because the capitol building is undergoing reconstruction to strengthen it against earthquakes, only two 10-ft. firs herald the holiday. And in Washington, a white spruce festooned with 2,500 colored lights and 5,000 shiny ornaments easily upstages the Capitol behind it. But over near the White House...
...crisis drags on into the new year, the impact of the long stalemate over the hostages is less predictable. The political benefit Carter has gained could erode as national impatience increases. The final resolution of the crisis will determine whether Carter benefits or suffers from his handling of the situation...
While Washington may have given Chrysler a reprieve and preserved jobs for its 137,000 employees in an election year, the action may be a dangerous example for a system in which the right to fail is as enshrined as the right to succeed. Moreover, if Chrysler cannot make a U-turn and start generating the profits needed to pay back its loans, the U.S. taxpayer could get stuck with a portion of the $1.5 billion tab. Assessing the action of his colleagues, Senator Barry Goldwater, the Arizona Republican who is a leading advocate of keeping government...
...Government's pledge to reimburse private parties for the money, up to $1.5 billion, that they lend to Chrysler if the auto firm is unable to repay the loans. This promise should enable Chrysler to return to the money markets that have been closed for the past year. The automaker, moreover, will pay the Treasury an annual fee of at least 1% of the sum guaranteed...