Word: board
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Dates: during 1970-1979
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...Federal Reserve Board over the years has jumped back and forth capriciously from tightening the nation's money supply in an effort to slow inflation, to running the printing presses full blast when the economy seemed in need of a lift. But its new chairman, Paul Volcker, seems committed to a more consistent and tougher policy. Last week the Fed lifted its discount rate, the amount that it charges for loans to commercial banks, from 10% to a record 10½%, suggesting that even in the face of a business slowdown the board is at last determined to halt the excessive...
...Among his ideas: 1) reduce the size of federal spending as a proportion of the Gross National Product; 2) balance the budget over the length of the business cycle, accumulating surpluses in good years that can be used for tax cuts in hard times; 3) require the Federal Reserve Board to announce a "moderate and predictable" rate of monetary expansion-about 5% to 6%-and stick to it; 4) eliminate the personal income...
...week, while Carter stayed home in Washington to work, Rosalynn flew to Quito for the inauguration of Jaime Roldds Aguilera as Ecuador's first democratically elected President after nine years of dictatorships. This week Carter resumes his travels with a flight to St. Paul, where he will board Delta Queen, an old stern-wheeler that will take him and 188 other tourists on a week-long trip down the Mississippi River. At each stop the President plans to repeat his energy lesson. After the boat docks at St. Louis, he will head east for a few days' vacation...
Totally exempt from discipline are what Frank Greenberg, past president of the Chicago Bar Association, calls "the gray mice": judges who "lack the scholarship, the temperament, the learning" and are "simply in the wrong occupation." Says Greenberg, a member of the Illinois Judicial Inquiry Board: "There is not a damn thing the discipline system can do about them...
...might be a good idea to get to know your senior adviser, since the Yard senior advisers are the Ad Board representatives for freshmen. If you falter academically or otherwise during the year, you will be up before the Ad Board--or rather, your case will. You won't be, since one of the Ad Board's operating rules is that students cannot represent themselves. Upperclassmen are represented by their House senior tutors, freshmen by their senior advisers, so they are your defenders, like...