Word: boarding
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Dates: during 1960-1969
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...from ignoring it, the President last week confronted it directly with action on two fronts: 1) With his approval, the Federal Reserve Board moved to intensify the squeeze on cred it. 2) At a meeting with domestic policymakers at his Key Biscayne retreat, he reviewed efforts to trim the budget enough to produce a surplus of at least $4 billion. Earlier, the Pentagon announced some cutbacks in Viet Nam spending that might be merely budgetary -but might also be a signal to Hanoi of deescalation...
Disturbed by the corporate borrowing, Federal Reserve Board Chairman William McChesney Martin Jr. warned that it was time to "pressure banks to ration credit." After the stock exchanges had closed for the three-day Easter weekend, the board moved on two fronts. First, it raised the discount rate (the interest that banks pay for the money they borrow) from 5½% to 6%. The increase, second in four months, brought the rate to its highest level since the 1929 crash. To make money more scarce as well as more costly, the board also increased the amount of cash that banks...
Virtually all the community schools place ultimate authority in a parent council, usually including all the school's parents, and a parent executive board. Some schools are more purist than others about how much power should be delegated to hired school directors, and how much the council should involved itself in day-to-day matters. Usually, the more intimate and limited the community served, the more jealous are parents of their power. Both the Roxbury Community School and the East Harlem Block Schools a community school in New York's East Harlem, serve circumscribed areas and have nosy parent groups...
...BEEN A SHORT STEP from building confidence to agitating for more general reforms. The Roxbury Community school has organized rent strikes in its Roxbury-Dorchester community. The Children's Community School in New York City regularly sends delegates to New York School Board hearings, and the Harlem Black Schools have been fighting various regulations of New York City's Division of Day Care, which helps fund the school...
...recent weeks, it has become increasingly clear that the Corporation is the main defender of ROTC at Harvard. Pusey stated that academic credit is not the issue. In President Pusey's words, it is "our Army" It is their army: Mr. Nickerson, president of the board of Socony Mobil, sleeps better at night in the knowledge that his investments in Iran or Venezuela are shielded not just by military dictators, but by the threat or direct armed intervention by the U.S. government...