Word: credit
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Dates: during 1980-1989
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...student protesters of the proposed partial randomization of the freshman house lottery. Last week's decision by Dean of the College L. Fred Jewett '57 to reverse his February 1 endorsement of the masters' plan, which would have reserved a quarter of eight houses for random assignment, is a credit to coordinated student expression...
...Credit also belongs to Jewett and masters who lately decided to down the faulty plan--notably so far Mather and Dunster House masters--for listening to house committees and house-based objectors. The administrators' decision to pull out of participation was a fair and rational choice to reject a proposal whose implementation contradicted its purported aims...
...report cast a spotlight on the quiet but crucial duel between Greenspan and George Bush over U.S. economic policy. In its stand against inflation, the Fed has resolutely tightened credit since last March, when the prime rate stood at 8.5%. But Bush, even though he pledged during the fall campaign to drive inflation down to 2%, insisted two weeks ago that he is not "overly concerned" about the threat of rising prices and cautioned that he "would not like to see" the Fed push interest rates higher. In Tokyo last week, Bush asserted that the Fed might be overreacting...
Still, Fed watchers say Greenspan has the savvy to brake the economy without skidding it into a recession. Many credit the Fed with helping prevent a slump by easing credit after the 1987 stock crash. "Ever since the market meltdown, ; Greenspan has been walking on eggs," says Pierre Rinfret, a New York City- based economist. "He's making every move very cautiously...
...CREDIT: NO CREDIT...