Word: demands
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Dates: during 1970-1979
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...resolution urging the University to return the $1 million donated by the Charles W. Engelhard Foundation failed because many assembly representatives wanted to focus on the demand that the library be renamed...
...sold on the money exchanges for other currencies). Officially, at least, the Fed agrees. It has been trying to move interest rates up enough to discourage borrowing, so that it will not be under pressure to add so much to bank reserves in order to meet the demand...
...star economist at Manhattan's Citibank, points out that business borrowing from commercial banks in the first nine months of this year rose at an annual rate of 15.1%, and borrowing by households is also at a record high. Borrowing by Government to finance budget deficits adds to the demand. Alan Greenspan, a member of TIME'S Board of Economists, singles out mortgage credit as "a monster loose in the system," devouring money. People are not only borrowing to build new houses but taking out second mortgages on existing homes to finance spending of various types. During the 1960s, Greenspan...
...simplest way for the Federal Reserve to control money supply would be to feed a predetermined quantity of reserves into the banking system, turn a deaf ear to pleas that it shovel in more, no matter how intense the demand for loans becomes, and let interest rates go wherever the market takes them. The board has traditionally resisted that approach out of fear that an abrupt crackdown in an inflationary economy would cause interest rates to leap up so violently as to produce financial chaos. Miller has said that if the board had tried that strategy in 1974 the prime...
...status of both the professional actors of the Rep. and Brustein himself will be different at Harvard. Under Brustein's plan, the members of the company would draw half-salaries both from the Rep. and from the University--both "do" and "teach" simultaneously. Nevertheless, the University should demand rigid contractual agreements from Brustein and his staff to pay equal, if not more than equal, attention to undergraduates. One proposal worth closer attention is for each professional to serve as a House tutor in drama...