Word: central
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Dates: during 1980-1989
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...ordered the Finance Minister and the Bank of Japan to continue lowering interest rates to boost the Japanese economy and enable firms and consumers to buy more foreign products. The disclosure dovetailed neatly with congressional testimony last week by Federal Reserve Chairman Paul Volcker, who said the U.S. central bank was moving to push American interest rates higher. At week's end major U.S. banks raised their prime rate from 7 3/4% to 8%. Taken together, the U.S. and Japanese actions will make it more attractive for investors to hold dollars and less attractive to hold yen, which should strengthen...
Author Louis Auchincloss has produced some 30 books of fiction, an impressive amount in anyone's case, but even more so for a Wall Street lawyer, recently retired, who writes in his spare time. This productivity has been devoted primarily to variations on a central theme: the manners and mores of well-to- do New Yorkers, not restricted to the fabled 400 of old Manhattan society but not much exceeding a few thousand either. There are those who think this subject was pretty well exhausted by the time Henry James and Edith Wharton got through with it. Others argue that...
...alleged "misunderstanding" of the "rule of law" that Congress plans to probe goes far beyond the unhinged arms-for-hostages deals with Iran and the siphoning of profits to the Nicaraguan contras, which formed the focus of the Tower board's report in February. Instead, a central issue this time will be the role Administration officials played in pursuing a secret and possibly illegal foreign policy by using a shady cadre of private and semiprivate operatives to supply military aid to the contras when such aid was restricted by Congress...
Filling out the picture will be some lesser-known field agents who helped create the private network that kept the contras fighting despite the official cutoff. Among them: Robert Owen, who as North's roving envoy in Central America allegedly arranged weapons shipments, and Contra Leader Adolfo Calero, who will be asked about what help the rebels actually received...
...come: by 9 a.m., the six employees of Maple Hill Productions have started to arrive, make coffee and restructure the music biz. The strategy that Rush worked out with Sykes was to use the Tom Rush name for leverage, once it was re-established. Then he would create a central organization that could bring folk musicians and audiences together. Now, Maple Hill Inc. of Hillsboro, N.H., is percolating as a record company called Night Light Recordings, a booking agent for new and used talent, a publisher, a producer of special events (with clambakes, boat rides and fireworks thrown...