Word: expand
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Dates: during 1970-1979
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...borrow, four German real estate developers recently went belly up, and Economics Minister Hans Friderichs coldly said that collapses of "unsoundly financed" firms are "absolutely in the sense of our policy." No one expects the Federal Reserve to go that far; Burns in 1970 proved entirely willing to expand the money supply quickly when a credit crunch threatened to cause many U.S. bankruptcies. There is still a risk, however, that the board will make credit scarce and expensive enough to discourage not only excessive but also necessary borrowing and thus invite a recession. Burns rates that risk...
...permitting each to invade the other's turf. S and Ls, which now concentrate on making mortgage loans, could offer checking accounts, credit cards and consumer loans. Banks could accept savings accounts from corporations, which only S and Ls can do now, and would be encouraged to expand mortgage lending. Regulations on loan size and collateral that now restrict banks' mortgage lending would be eased...
Extending Influence. The Shah is also spending heavily on military installations. He plans to expand the five-year-old naval and air force base at Bandar Abbas, which overlooks the Strait of Hormuz at the mouth of the gulf. A new, even bigger base for the two services is planned for Chah Bahar, close to the Pakistan border on the Gulf of Oman, extending Iranian influence into the Indian Ocean. A complex to handle a helicopter force of 10,000 men is to be built at Isfahan, in the interior. In addition, a vast communications network and automated logistics system...
...EXPAND the net of continuing education, A.C. plans for this fall a trial three-day session on the West Coast. Simultaneously with the inauguration of A.C. in 1971, AHA has publicized its national network of clubs weekend seminars taught by Harvard faculty. Tapes of this year's A.C. offerings will be available to alumni. But A.C. officials still focus their energies on bringing alumni back to Cambridge, though it remains only a minimal concern of AHA. Understandably when you recall that this year's 25th Reunion pledged $1 million, while A.C. yields barely a few hundred dollars...
Focussing on reaping the fruits of nostalgia, AHA has failed to expand its narrow parochial sense of responsibility. The University, not its alumni foundations, claims their energies. At a time when the Bachelor of Arts degree has decreasing financial value (if it ever did, according to Jencks) a college education is approached more as an end in itself than a means to an end. Furthering our enlightenment, there is no reason why the educational experience should stop with the acquisition of a diploma. The University's responsibility to its students does not end on Commencement Day. Nor should alumni...