Word: board
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Dates: during 1970-1979
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...frowns on those familiar television faces? In Howard K. Smith's case, it's because the venerable newscaster is piqued that ABC News under Roone Arledge seems less and less interested in the learned commentary that Smith delivers. As a result, he tacked a bull to the newsroom bulletin board announcing an abrupt resignation from "a job without a real function...
...independent Reserve Board's decision went against the advice of some top Administration advisers, including Treasury Secretary W. Michael Blumenthal, Inflation Adviser Alfred Kahn and Chief Presidential Economist Charles Schultze. Sensing that a surge of inflation is in the making, they take the position that money policy should be tightened to produce a mild slowdown. The alternative, they fear, is too fast economic growth that would lead to even worse inflation?and then a sharp recession later on. Private economists as ideologically diverse as Conservative Alan Greenspan and Liberal Arthur Okun, both members of TIME'S Board of Economists, support...
...Times ad for the film: a new mock-up awaited his inspection. The most annoying problem was the Motion Picture Association's decision to slap Manhattan with an R rating because of a few four-letter words. Allen was not pleased: "People say that the industry has a ratings board to keep the Government from invoking censorshipoesn't work, I have no trouble slamming...
...differences were felt most keenly last week at the monthly meeting of the Federal Reserve Board's Open Market Committee, which determines the pace of money growth and interest rates. The 17 members, seated around a 30-ft. mahogany table in the room where some of the most secret plans of World War II were drawn up, faced an exquisitely difficult choice. They had to decide whether to further tighten credit and raise interest rates, thus taking the risk of tipping the nation into recession, or to maintain rates at their present levels, which might worsen inflation. Their deliberations will...
...stop it. The President did not necessarily oppose the Fed's raising interest rates, but he did not want the voters to blame him for it. Said a White House staff member: "There was a feeling that if a Democratic Administration was even tighter than the Federal Reserve Board, something was wrong. Put the monkey on the Fed's back, not ours...