Word: borger
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Born in Oklahoma, Miller grew up in the oil boomtown of Borger, Texas, and went on to attend the U.S. Coast Guard Academy. In China shortly after World War II, he met his wife Ariadna, a White Russian living in Shanghai. After law school at the University of California and four years in a Wall Street law firm, Miller took a job at Textron Inc., the big Providence-based conglomerate, eventually becoming its chairman. During his 17 years running Textron, the company's annual sales grew from $383 million a year to $2.8 billion, and profits jumped from...
...what is one to make of G. (for George) William Miller? As chairman of the U.S. Federal Reserve Board, Miller, 53, is the most powerful of all central bankers?but he is far outside the mold. He delights in reminiscing about his boyhood in the oil boomtown of Borger, Texas, a throwback to the wild West of unpaved streets and gun fights. Miller vividly remembers the day that the town's founder, Ace Borger, was shot dead in the post office. He cheerfully relates that his last exposure to classroom economics was a basic course at the Coast Guard Academy...
...produce this switch to make businessmen and bankers look on him as the white hat in a kind of financial western: the new gun who arrived in Washington to rally the citizenry against the enemy, much as the Texas Rangers rode in to restore law-and-order in the Borger of his youth. He quickly put the Fed on a course of raising interest rates sharply, to hold back the inflationary growth of money supply and to keep dollars at home. In private debates and public remarks, Miller has pleaded with the White House, of which he is independent...
Miller began developing that blend early. When he was an infant, his storekeeper father moved the family from Bill's birthplace of Sapulpa, Okla., to Borger, a Texas Panhandle town so new that it had no jail; prisoners were chained to a log. Says Miller: "It was a life of Depression, Dust Bowl and frontier. But that environment creates strong individuals...