Word: credited
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Dates: during 1970-1979
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Jorge I. Dominguez, associate professor of Government and a specialist in Latin American affairs, said yesterday Carter deserves credit for emphasizing that "nothing going on in Cuba is of sufficient import to affect SALT...
...behalf, came to deal increasingly with key foreign leaders through channels that directly linked the White House Situation Room to the field without going through the State Department-the so-called back channels. Nixon moved sensitive negotiations into the White House where he could supervise them directly, get the credit personally, and avoid the bureaucratic dispute or inertia that he found so distasteful. In May 1971, the Secretary of State did not know of the negotiations in White House-Kremlin channels that led to the breakthrough in the SALT talks until 72 hours before a formal announcement. In July...
Most of the buy orders are for $10,000 or less, and some of the checks being used for payment are being drawn on credit unions and savings banks by small investors. Joseph Hale, president of World Wide Coin Investments in Atlanta, reports that one client wanted advice about whether to sell her house to buy gold. Most small investors appear to be looking not so much for profit as capital protection...
...central bank for a little more than seven weeks, tall, taciturn Paul A. Volcker has lost no time in establishing himself as a staunch inflation fighter, dollar defender and hard-liner on interest rates. Since he took charge on Aug. 6, the key rates used to manipulate credit policy have shot up dramatically. The Fed last week raised the discount rate, which is the interest it charges on money that it lends to member banks, by a half-point, to 11%, a record high. Several major banks then boosted their prime rate by a quarter-point, to 13¼%, also...
...that interest rates have reached, there has been no shortage of cash for borrowers. Indeed, the money supply grew at a fast annual rate of close to 13% in the past two months. Though Volcker feels that the growth should be curbed, the spread of such financial innovations as credit cards and savings certificates tied to Treasury bill rates have lessened the Fed's ability to control the nation's money stock...