Word: distressed
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Dates: during 1970-1979
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Despite the distress, Volcker's interest rate policy continues to win support from bankers, businessmen and politicians. The U.S. League of Savings Associations unanimously approved the Fed's actions, and the group's chief economist, Ken Thygerson, admits that it "was necessary to deal a lethal blow to speculation in the housing market." Ben Heineman, president of Northwest Industries, calls the program a "sensible way of checking inflation." Even Senate Banking Chairman William Proxmire, normally the central bank's most vociferous critic, endorses the program, saying it has had an important "psychological effect." The battle against...
...cuts a formidable figure these days--football quarterback on a hot streak--making the long climb to his Kirkland lair. But somehow a name like that seems to demand a suit of armour and a damsel in distress. Yet Judson Burke St. John will settle for a plastic football helmet and a triumph with his mates over the dragons of New Haven...
...games though, the team is less demonstrative. Hoover says they smile and clap, but don't usually say anything to the cheerleaders. Coutu suspects it is because "they are all wrapped up in the game." But their oblivion doesn't distress her. She knows that the team is inwardly grateful. "the general reaction is like, 'wow, they really care about...
...aggressive bank-executive who takes him to lunch, to the movies, and to her apartment, where Wells succumbs to her charms after a feeble struggle--"I don't want to compromise you," he worries. Ironically, this self-described "twentieth-century woman" becomes the classic damsel in distress when Stevenson chooses her for his victim...
Gold fever, the most infectious of monetary diseases during times of perceived economic distress and uncertainty, is epidemic. From Zurich to Chicago, from London to Hong Kong, goldbugs are scurrying once again to buy into their favorite hedge against disaster. With people battered by inflation and recession, worried about oil and lacking confidence in leaders and cures, the gold rush of '79 has turned into a stampede as schoolboys, housewives and pensioners have jumped in along with big investors. It is a surge that bodes little good for late-coming, small investors, the fragile international monetary system, the dollar...