Word: auge
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Dates: during 1980-1989
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Wednesday. The Justice Department petitioned federal courts to intervene in two suits charging that redistricting plans in two Mississippi counties are racially discriminatory. The move could delay elections scheduled in Bolivar and Adams counties on Aug. 2. The department is also considering court action in eleven other counties...
...pointed barb at Military Ruler General Wojciech Jaruzelski indicated that the former Solidarity leader had no intention of retiring from public life, even though Pope John Paul II was rumored to have suggested such a move during his recent visit to Poland. As all Poles are well aware, Aug. 31 marks the third anniversary of the signing of the agreement at the Lenin shipyard that created Solidarity. The military regime, apparently fearful that Walesa's mere presence at the yard might encourage a wave of antigovernment demonstrations, preferred that he be out of town. Walesa is just as determined...
Volcker's first term was due to expire Aug. 5, and once Administration officials began to think in earnest about a replacement, they concluded that anyone else would take too long to match Volcker's towering prestige. The only other name seriously considered was that of Economist Alan Greenspan, who professed himself an admirer of Volcker and vowed to continue the Fed Chairman's policies. One after another, Volcker's former critics began urging his reappointment. The last holdout, Presidential Counsellor Edwin Meese, finally came around last week. By then, the only question left...
...week's end the Dow Jones average had reached new highs in six out of its previous eight sessions. The Dow, which ended the week at a record 1196.30, has surged 419.38 points since Aug. 12 (see chart...
President Reagan has until Aug. 6 to reappoint Volcker to a new term or name a successor. But experts predict that he will probably act sooner, perhaps in early June. Waiting any longer would create great uncertainty in world money markets and not allow time for a smooth transition in case Volcker does not stay. On the other hand, Wall Streeters believe Reagan is unlikely to move before the late-May meeting in Williamsburg, Va., of the leaders of the seven leading industrial powers...