Word: ende
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Dates: during 1970-1979
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...record $24 an oz. in just one day. Trading was so hectic that the normal 500-an-oz. spread between buying and selling prices widened at times to $5. Gold hit an all-time high of $380 in London before slipping back at week's end to $369-up nearly $40 in just 14 days and a staggering $164 in twelve months...
...cover their short positions. At the same time, two events added to doubts that Western policymakers would come to grips effectively with their common economic problems. In Paris the finance ministers and central bankers of the Big Five monetary powers-Germany, Japan, France, Britain and the U.S.-failed to end a potentially damaging interest rate war among them. And the International Monetary Fund issued a gloomy study predicting a worsening economic outlook...
...look at Chrysler was in part a tactic to win greater sympathy for the automaker in its drive to get as much as $1.2 billion in federal loan guarantees. The company needs an infusion of funds by year's end in order to launch work on its 1981 models. Treasury Secretary G. William Miller has asked for revisions in the Chrysler rescue proposal. In rejecting the initial request, which would leave the taxpayers holding the bag if Chrysler defaulted on loans from private bankers, Miller bridled not only at the size of the financial package but also...
...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 a record. That was the sixth jump in the prime since the end of July, when it stood...
...refuse the order. At the same time, Carter requested that the Interstate Commerce Commission issue a "directed service order" telling other rail companies to operate Rock Island equipment over its rights-of-way. The grain millers' strike also appeared to be nearing a conclusion. At week's end five of the eight grain elevator operators struck by the millers had reached tentative agreements with the union, and bargaining with the others was continuing...