Word: bankes
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Dates: during 1970-1979
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...Paul A. Volcker, 51, president of the Federal Reserve Bank of New York, to replace newly nominated Treasury Secretary G. William Miller as chairman of the Federal Reserve Board. Volcker, in Carter's words, "has broad economic and financial experience and enjoys an outstanding international reputation." The appointment was expected to calm the anxieties of many foreign financial figures about the future of the dollar (last week, however, the price of gold reached another record high: $307 an ounce...
...ironic that last week President Carter's appointment of Volcker to replace incoming Treasury Secretary G. William Miller as chairman of the Federal Reserve Bank was generally viewed as a brilliant defense of the dollar. Said usually testy Senate Banking Committee Chairman William Proxmire: "The President has shown outstanding judgment. His appointment will be praised by Congress, by participants in domestic financial markets and by the international monetary community." Added the Brookings Institution's Robert Solomon: "The President couldn't have found a better man." The stock market shot up, bond prices improved, and, despite Carter...
Volcker's years of toil in the world of interest and exchange rates-he is currently president of the New York Federal Reserve Bank-have made him a comfortable member of the international monetary club, unlike Miller, who was little known in the world's money markets when appointed. Financier Robert Roosa says of Volcker, "There's nobody in the world of international finance that he doesn't know." When Volcker used the word discipline a dozen times in his short press conference last week to describe his view of proper Federal Reserve policies, the international...
...which satisfied American insistence that the new regime should represent all shades of Nicaraguan political opinion. Among its members are Corporate Lawyer Joachin Cuadra Chamorro, Carlos Tünnermann Bernheim, who was rector of the National University, and Cesar Amador Khull, a former officer of the Inter-American Development Bank. There are only two hard-core radicals: a Sandinista commander, Tomás Borge Martinez, who was appointed Interior Minister, and the Rev. Ernesto Cardenál Martinez, a radical priest who was named Minister of Culture...
...idea is marvelous: send a gentle, pious and very stupid young Polish rabbi to the U.S. in 1850 to take over a congregation in wicked San Francisco. Shlepping his way overland from Philadelphia, he will be tricked by con men, be friended by a lonesome bank robber, roasted by the desert sun, frozen by mountain storms, captured by Indians, and from sea to shining sea, he will cause wise men to marvel at his unparalleled and in exhaustible nitwittedness. With Gene Wilder as the woodenheaded rabbi and Harrison Ford as the lovable bank robber, what could go wrong...