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Dates: during 1980-1989
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When the Argentine armed forces began massing for an assault, President Ronald Reagan phoned Galtieri for 50 minutes and argued against the use of force, but to no avail. After the Argentine invasion, forward." Reagan said: "I wish it had not gone In Buenos Aires, some 5,000 ban ner-waving supporters gathered in front of the presidential palace to hear Galflies" tieri's over boast the that "the Falklands. But Argentine flag British Prime Minister Thatcher is hearing clamor of a different kind: demands that Britannia return to ruling the waves, at least in one far-off corner...
...front of our neighbor's house. Twelve soldiers jump out shouting. Clutching their clubs and guns, they barge onto the porch. They think that some boys who threw stones are hiding there. Our neighbor insists that there is no one except her in the house. To no avail. They demand that she give them the key to the upstairs flat. She says the owner is on a trip to the U.S., but they are not convinced. Three of them go back to their truck, get axes and saws and knock the steel door off its hinges. There...
...work. Petroleum Minister Sheik Ahmed Zaki Yamani threatened that the desert kingdom would further reduce output in the months ahead if necessary to keep the market tight. He also issued thinly veiled warnings to other OPEC producers not to cheat on the Vienna agreement because doing so would avail them nothing...
...Although there are many ways of measuring money M1, M2, M-3 - the bank monitors its success by focusing on M1, which includes the amount of currency in circulation at a given time as well as deposits in all kinds of checking accounts. Those are the funds most readily avail able for actual spending. Other monetary measurements, including M-2 and M3, expand the definition to embrace additional kinds of deposits like savings accounts. But these broader categories are even harder to manage than...
...growth. For one thing, U.S. law requires banks to keep a portion of their deposits in accounts at the Fed in the form of so-called reserves. By changing what is known as the "reserve requirements," the Reserve Board can determine the amount of money that commercial banks have avail able to lend out to borrowers. On a day-to-day basis, though, the Federal Reserve influences the money supply through "open market operations," or buying and selling Treasury bonds, bills and notes. Whenever the Federal Reserve wants to enlarge the money supply, it buys these securities and pays...