Word: board
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Dates: during 1970-1979
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...battalions of inspectors employed by regulatory agencies. Moreover, whatever inflationary impact the Pentagon might have, it is relatively minor compared with that of other Government programs. Today, defense outlays are only half as much as Washington spends on social welfare programs. Says Murray Weidenbaum, a member of TIME's Board of Economists...
Already the cost of money for almost all purposes is soaring. Federal Home Loan Bank Board Chairman Jay Janis predicts that mortgage rates, which now average 11.5% nationwide, could reach 14% by January. Meanwhile, the ability of consumers to pay for costlier credit, oil and everything else is rapidly declining. Washington Economic Consultant Michael Evans calculates that inflation and the rising tax bite have reduced the spendable income of a family of four earning $20,000 annually by $1,000 so far this year. If consumers suddenly begin closing up their wallets and pocketbooks, as they are expected to, inventories...
...noon the members of the Big Board's governing committee held a secret meeting in a room under the exchange floor. Cigarettes were lit and the small room filled with smoke. Some members felt the exchange should be closed; others argued that if that happened it would never reopen. The governors did nothing, and by the end of the day $6.7 billion more had been erased from investors' portfolios...
...soon as the reader is certain of the workers' distrust of unions and the success of Stevens' anti-union propaganda campaigns, Conway injects the National Labor Relations Board evidence. In 1972, the Board determined that in these elections, the workers voted under coersion and the threat of illegal firing. The Board also identified instances of price fixing, wiretapping, tax fraud, violation of health and safety standards, are racial discrimination by Stevens officials...
Paul A. Volcker, the cigar-chomping chairman of the Federal Reserve Board, sent America off on its latest economic wilderness adventure by announcing two weeks ago an anti-inflation program that did not just raise the discount rate--the Fed's interest rate on money it lends to member banks--but changed the very nature of how the Fed controls the money supply. Instead of trying to curtail the boom in credit by manipulating interest rates, Volcker announced, the Fed would henceforth apply direct controls to the money supply, raising member banks' reserve requirements and using other methods to keep...