Word: budgeteering
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
There are structural imbalances in the economy too that seem inaccessible to either monetary or budget policy. To cite just two: many of the unemployed are unskilled women, blacks and/or teenagers, whom employers are reluctant to hire unless demand reaches inflationary heights; medical and hospital costs seem to rise rapidly and inexorably no matter what is happening to business in general. Miller recognizes that such troubles need special attention, but they are no part of his responsibility at the Federal Reserve...
...theory it all sounds neat, but in practice dozens of factors can throw off Federal Reserve calculations. The necessity of creating at least enough money for the Treasury to borrow to cover budget deficits is one. The strength or weakness of loan demand is perhaps the most important consideration. The Federal Reserve may set an interest-rate target of, say, 7¼% to 7¾% for Fed funds? which is believed to have been its goal in June. But if loan demand is exceptionally strong, it may have to put out more money than it wants to in order to keep...
...even finances itself. It makes a profit buying and selling Government securities, turns most of the earnings over to the Treasury ($5.9 billion last year), but keeps whatever it chooses as its own budget and tells no one what it does with the money. Several times Congress has asked to look at the Fed's books; the board has said...
...vacated by Burns, and Carter has decided to appoint a woman to an institution once so male chauvinist that it took Eleanor Roosevelt to crash the men-only rule in the board's dining room. The successor is Nancy Teeters, 47, the chief economist of the House Budget Committee. She was chosen largely because she has strong liberal views that she argues forcefully; Carter sees the board, Miller excepted, as a hotbed of Hoover Republicanism...
Some TV journalists wonder. One major complaint is that the more money anchors make, the less is left over for news coverage, a charge that station executives deny. "An individual's salary is a pittance in our budget," says News Director Norman Fein of New York's WNBC, which spends $13.5 million a year on news coverage. Yet disgruntled off-camera journalists at Los Angeles' KNBC figure that the salaries of the "talent," as on-camera personalities are known in the trade, account for nearly one-quarter of the station's $9.5 million news budget...