Word: closers
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Dates: during 1970-1979
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Richard Helms may be the closest thing to a master spy that America can claim. He was not a James Bond, roaming the world in exotic machines, wooing (and always winning) dazzling women, vanquishing villains beneath the sea and in the air. Perhaps he came closer to "M," Bond's legendary boss who sent 007 on his journeys down the world's back alleys. But even in the courtroom last week where Helms was given his $2,000 fine and suspended sentence for misleading Senators about the CIA's efforts to keep Salvador Allende Gossens from becoming...
...support to that argument. They revealed that a group of California researchers has spliced a man-made gene into a bacterium, and then, for the first time, used the altered microbe to make a copy of a mammalian brain hormone that can act biologically in humans. The accomplishment brought closer the day when scarce and costly hormones and enzymes needed for treatment of genetic disorders can be produced inexpensively and on a large scale...
...such a strike in the first place. However, since the Soviets could easily neutralize this threat by mobilizing their own land-based missiles, the MX would do little to enhance deterrence. It would be very destabilizing, though. White ostensibly mannufactured for defensive purposes, the MX would bring the U.S. closer to being able to launch a first-strike against the Soviet Union than it has ever been before. Such a move could only be viewed by the Soviets as aggressive, and thus it would hamper future efforts at arms reductions. Another problem is that since the missile would be housed...
...loans to banks?from 5%% to 6%, was not intended to defy the White House. The increase had been decided on before the Schultze statement was posted on the pressroom wall; it was only half as large as Wall Street had expected, and it only brings the discount rate closer to other interest rates that the board had pushed up earlier. Federal Reserve Governor Henry Wallich told TIME, "Quite honestly, this talk of a dispute has been greatly overdone. Believe me, there just aren't any profound disagreements...
Burns, a conservative Republican, obviously wants to see higher interest rates, and a closer growth of money supply, than the White House would like, and his stand does nothing to increase the chances that Carter will reappoint him when his term as board chairman expires Jan. 31. Washington speculation on his possible successor is already narrowing to Robert V. Roosa, a partner in the investment banking house of Brown Bros. Harriman, and Paul Volcker, head of the New York Federal Reserve Bank. (Arthur Okun, a Brookings Institution economist and member of TIME'S Board of Economists, whose name also...