Word: dollar
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Dates: during 1970-1979
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...from the Johns Hopkins School of Advanced International Studies and another from the London School of Economics. It was at Johns Hopkins in 1971 that Blaylock first encountered Volcker, then Treasury Under Secretary for Monetary Affairs. Volcker had been asked to address the students on the future of the dollar and gold in the international monetary system. Blaylock recalls that the Under Secretary, "with a comforting tone of confidence in his voice, said that the dollar looked promising, but gold, well, that one was nearing extinction." Thus, says Blaylock, "even this nation's newest commander of monetary policy...
Even by the standards of the 1970s, the decade of recurring recession, relentless inflation and repeated runs on the no longer almighty dollar, it was a wild week. For some time, Americans had seemed able to ignore or nimbly thrust out of mind repeated symptoms of their out-of-joint economy, like alarming new price rises and further drubbings of the greenback abroad. But last week those distant, or perhaps too familiar, woes hit home, and hard, in a burst of financial hysteria that engulfed markets, speculators and ordinary investors big and small from Wall Street to Main Street...
...THIS FRANTIC RUMBLING, of course, may be moot. Boston Edison must build still a $10-$15 million stepdown station to accomodate MATEP's backup requirement. If it refuses to do so, Harvard is left with a multimillion dollar conversation piece. Even if Edison comes through, MATEP will have to spend about $1 million a year to buy power it may never use, which might make the power plant cost inefficient...
...past, employers have sought to sweeten compensation by increasing the generally nontaxable benefits, such as health and education programs, and even company-paid memberships in fitness programs. Between 1967 and 1977 corporations raised the dollar value of these benefits at an average annual rate of 17%; over the same period, cash wages and salaries went up only 10% a year. Boosting benefits is much more difficult now; they are included in the guidelines calculations and are becoming costlier to provide, especially in the case of medical insurance plans. Last year such benefits rose by only 9.5%, and almost...
...WHAT ELSE are you going to do on a Friday night? It is, after all, only a dollar, which makes it, at worst, the cheapest two hours of punishment in Boston, There's Chris Clemenson: talent sometimes peeks its head out of the quicksand. You know you'll laugh and you know you'll sleep, and I advise you to ingest the sort of central nervous depressants that enhance both. Besides, who knows? Maybe John Simon will be there with his Luger...