Word: boom
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Dates: during 1970-1979
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...HAVEN, Conn--The Yale bump-and-run defense shut down the Harvard boom-and-run offense and led the Eli's to a controversial 3-1 win over the Crimson field hockey team here yesterday...
...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 cash out of circulation...
...Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios, refrigerators and that new Model A from Henry Ford. Their grandchildren now have "plastic money" in the form of credit cards and owe $292.5 billion. The '20s real estate boom was centered in Florida, had created millionaires and seemed to prove, then as now, that one rarely loses money buying land. Even President Carter's insistence last week that the U.S. had a "good solid economy" stirred echoes of Herbert Hoover, another engineer President, who said two days after...
...down only 10% of his own money to get a stock; he could use credit for the rest. Today, under a Federal Reserve rule, customers have to put up at least 50% of their own funds. The Fed can also slow bank credit to stop speculation from feeding a boom, a step it took last week. In addition, there was no watchdog Securities and Exchange Commission in 1929 (it was set up in 1934). Today the SEC closely polices financial markets to stop inside dealing and fraudulent company reports, which were rampant in the '20s. While a stock market...
...after garbage goals," Field said with a laugh, but the Eagle defense wasn't laughing. Field and Kate Martin executed the boom and run offense to perfection, and time and again the junior redhead followed her shots...