Word: dollar
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Dates: during 1970-1979
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...cannot look into the source of every dollar Harvard takes," Daniel Esty '81, a Winthrop representative, said during the debate...
Faint hearts do not win victories?and President Carter desperately needed an economic victory. Raging inflation was undermining the economy at home; overseas, the plunge in the value of the dollar posed a gigantic threat to the stability of the whole world financial system. Wild routs on the currency and stock exchanges were threatening to make his Stage II anti-inflation program a joke before it ever had a chance to get started...
Some of Carter's economic aides served him about as well as Typhoid Mary in the kitchen. Treasury Secretary Michael Blumenthal talked down the value of the dollar last year -a cheap dollar was supposed to stimulate exports. Carter might have foreseen that as the dollar fell, prices of imports would rise, lifting with them the prices of similar domestic products, from Wisconsin gorgonzola to Detroit subcompacts. Budget Chief James Mclntyre last January submitted a fiscal 1979 budget that projected a $61 billion deficit, even though the country was entering the fourth year of .economic recovery. Carter might have...
...more equitable approach to my case is not adopted in the near future, I have no other recourse but to use publicity by furnishing evidence to the newspapers that will destroy the false image of the family or by furnishing evidence and information to the IRS about a multimillion-dollar tax evasion." Michaelides, however, provided no evidence in the letter to support his charges...
...occurred after the food left the farm. That is a consequence of Americans' insatiable desire for ever fancier processing and packaging, along with rising off-farm wages. Last year, for the first time, workers in slaughterhouses, canneries, freezing plants and supermarkets got more (32%) of the retail food dollar than farmers did. Farmers received only 31% of the money spent in food stores and restaurants, down from...