Word: coverings
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Dates: during 1970-1979
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...stake. Outside, along with a group of dissidents, a small corps of foreign journalists waited grimly for the verdict, nodding at the familiar KGB agents who were photographing them in open surveillance. Among the correspondents was TIME's Marsh Clark, who filed extensively for this week's cover story, written by Staff Writer Patricia Blake...
However, the Federal Reserve and the Administration must try to get along. The Fed cannot press a tight-money policy so far as to prevent the Treasury from borrowing enough to cover the budget deficit (that would mean Government failure to pay its bills, which would shake the whole financial structure), but it can foil Administration policy by being tight or loose. So every chairman becomes a nonofficial adviser to the President...
...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...
...some are Ted Baxter types distinguished by appearance more than ability. Handsome, blow-dried Ron Hunter, for instance, is resigning from Chicago's WMAQ this month in the face of stagnant ratings and intense vilification by the city's acerbic TV critics. "He couldn't cover his nose, much less a fire," sniffs the Sun-Times's Swertlow. Yet many of the six-figure anchors, probably a majority, have had years of experience as reporters and still dash out of the studio like Dalmatians when a big story breaks. Washington's David Schoumacher...
...assured. Station managers and news directors will be watching closely this week when ABC News introduces its new network evening-news format, which will replace two New York-based anchors with four regional supercorrespondents. More and more stations are buying electronic gear, like minicams, that makes it easier to cover breaking news "live," a move that some TV journalists say will diminish the anchor role...