Word: action
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Dates: during 1970-1979
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...during that meeting, reports TIME Washington Correspondent William Blaylock, that Volcker decided nothing short of decisive action would do: "Upon Volcker's return to Washington, following a brief appearance at an International Monetary Fund conference in Belgrade, he immediately instructed his staff to draw up a list of options open to the Fed. The short-term goal would be to prevent a further dollar slide abroad, but long term the objective would be to puncture the inflation psychology of the nation as a whole. As many as 20 staffers were ultimately involved in the brain-storming sessions, and economists from...
...experience strengthened his view that the Federal Reserve had to take strong action to fight inflation and thus defend the dollar overseas. For a year, Volcker was a senior fellow at Princeton, but in 1975 he returned to the New York Fed as its president. In the past year Volcker voted at Federal Reserve meetings for tighter money and was consistently outvoted by his colleagues. Then he got the top job and, with the economy in dire trouble, finally won unanimous support for the measures that caused last week's furor...
...vote of 10 to 5, the Foreign Relations Committee rejected a motion proposed by Glenn to delay action on the treaty. Late this month the committee is expected to endorse the pact; there are eight sure "ayes" and possibly as many as twelve. The only question is how many amendments will be added by the committee and how damaging they will be. Full Senate debate is expected to begin some time in November. Majority Leader Robert Byrd feels that the treaty will gain support if the debate is televised and the public becomes acquainted with the basic issues...
Though Moscow has long been upset by celebrated defectors, it has rarely taken violent action to bring them back home in the post-Stalin era. Why the special interest in a gold medal canoeist? A big clue could lie in the book Cesiunas was planning to write for publication in the West prior to the 1980 Moscow Olympics. The subject: an expose of how Soviet athletes use drugs in order to excel in international competitions...
...majority of the clerics still favor nonviolence. How does the so-called Christian left, then, justify violent action? "Effective love of neighbor sometimes requires drastic measures," one of the movement's priests told TIME. "Our decision to go for armed struggle was forced upon us. It has become clear this is not a reformist government. It is a fascist government...