Word: expand
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Dates: during 1970-1979
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Democrats: A recommendation that the Federal Reserve Board expand the money supply by 6% or more in order to make more credit available and quickly bring down borrowing costs. (The rate grew by 4% in the past quarter.) The proposal also calls for the Fed to prod banks to allocate credit to housing, farming and electric-power producers, and away from "speculative and inflationary uses...
...more serious, in Mayer's view, is that banking's rush to expand could be setting the stage for a monumental economic disaster. Banks, he notes, have now spread their operations to include major leasing firms and finance companies. Almost any bank that can afford a brass name plate has opened branches in Europe, Asia, South America and elsewhere. All this, Mayer believes, has focused bankers' attention away from their basic task of channeling the idle money of businesses and individuals into productive uses that promise to benefit the entire economy...
...those appeals, the New Year's Day verdict meant that the nation could now begin to leave Watergate to the historians. However tardily, the courts, the Congress, the press and public had met the challenge of arrogant men at the pinnacle of Government acting unlawfully to preserve and expand their power. More investigations remain (see following story), and there could be more revelations of official misconduct. Yet most of the mysteries of Watergate have now been resolved. Most of the corruption has been exposed...
...concern has also been expressed that Cambridge is sorely lacking in open space recreational uses and that every effort should be made to expand it, including using the MBTA site...
...Gazette's News Notes section is developing a good readership, we believe. In view of the absence of an employee newsletter (and the probability of inflation-inspired labor difficulties), we plan to expand this section considerably. Also, we want to reinforce the drive for open recruiting by listing job opportunities and promotions. Further, Deane [Lord, director of the News Office] is planning a series of meetings with junior faculty to increase the news flow to and from them...