Word: accountants
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Dates: during 1970-1979
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...fast rate means that the money supply -total checking account deposits and cash in circulation-can be permitted to grow slowly yet still keep the economy rolling in high gear. Burns maintains that velocity is high at present and that, at the same time, the money supply is growing too quickly; it was up $1.4 billion in the week ending Oct. 26. Thus the Federal Reserve has been increasing short-term interest rates to slow the increase in the money supply. On the other hand, CEA Chairman Schultze, the Administration's most vocal critic of Burns, holds that velocity...
...Multimillionaire Maurits ("Maupie") Caransa, 61, who was kidnaped on Oct. 28 outside his club in Amsterdam, remained a shrewd businessman throughout the ordeal. And, as it turned out last week, business-rather than terrorism, as had originally been feared-was the name of the game. By Caransa's account, the kidnapers first demanded a ransom of $16 million. After two days of haggling, Caransa, whose real estate, hotel and other holdings are worth $40 million, wheedled his captors down to $4 million...
...College is paying for the security guard at Leverett out of what officials call the "91 Account," which consists of the room rent and College facilities fees that students...
...although Nye spoke as a public official about a public policy that is directed by an elected official, no account of his talk appeared in any paper the next day. No one learned a little something about the nuances of diplomacy over coffee and donuts. Actually, the reason for this "blackout" of Nye's talk was quite simple. Nye--who like most human beings is ambitious and probably fears the fate of being misinterpreted and appearing foolish in the press--announced quietly before his speech that everything he would say was to remain "off-the-record" and not reported...
Sadow's initiation to Harvard football began after the Rose Bowl game on January 2, 1920 when Harvard defeated the Oregon ducks, 7-6, in Pasadena. Sadow was then a newsboy in Boston and was enraptured by the account of the game. In a stentorian voice he recalls that one headline from that day's paper was "Oregon Captain Weeps...