Word: chicago
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
BERYL SPRINKEL: "I'm delighted," says Sprinkel, executive vice president of Chicago's Harris Bank. "The Fed's actions greatly increase the odds of getting inflation under control in the longer run." Sprinkel has long argued that the old policy of trying to control the money supply by fine-tuning key interest rates often forced the board to pump more funds into the economy than it wanted to, thus aggravating inflation. "Now that they are focusing on central control of [banking] reserves," he says, "and assuming they follow through, I think it assures that we are going...
...states, including Illinois, New York and Texas, usury laws hold rates to 12% or less. Lenders there are likely either to cut back on making home-buying loans or attach tighter conditions to them. A typical instance: First Federal Savings & Loan Association of Chicago has just shortened the repayment period on all mortgage loans to 25 years from 29 years, and now requires a minimum 25% down payment, vs. 20% formerly...
Those who trade in gold should logically be as euphoric as Forty-Niners striking a new lode. But logic does not govern this market. "It's terrible now," says Richard Lowrance, 23, a trader who fills customers' orders at the Chicago Mercantile Exchange. "Since gold went over $350 an ounce, the volatility has increased fivefold. Our volume has dropped...
...Washington to Albuquerque, San Diego, and then back to the White House for a two-hour weekend phone-in that was broadcast by National Public Radio. Back in the capital barely long enough to refuel Air Force One, he will be off politicking again this week-in Kansas City, Chicago and Boston...
...Philadelphia and Chicago, John Paul came down hard on the conservative side of issues that divide the American church: there should be, he said, no artificial birth control, no married priests, no women priests, no acceptance of divorce or of sex outside marriage, including homosexuality. At the Chicago meeting with the U.S. church hierarchy, he praised American bishops for their doctrinal unity with the papacy. But their unity was anything but total. Grumbled one bishop: "He was harkening back to an orthodoxy that I thought we had passed by years ago." Said another: "I almost expected the bell to ring...