Word: expansionism
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Dates: during 1970-1979
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This directive presents a range for the growth target for the money supply in the month ahead; it also gives the desired range for the so-called federal funds rate. This is the interest rate that one bank charges another for the overnight loan of money the borrower needs to...
Increased Velocity. Top Administration policymakers, including Treasury Secretary Michael Blumenthal, do not feel that the upward kick in interest rates seriously endangers the recovery. But they are deeply concerned about the Federal Reserve's long-term targets for money supply growth. The problem is that it is hard to...
For two Job-like seasons, Portland fans had waited in vain for Walton to become again the fierce-eyed force that once drove John Wooden's finest U.C.L.A. teams. They had waited for the 6-ft. 11-in. redhead to sweep the backboards of rebounds and to show them...
At U.S.C. he met his wife Marcia, who has become a top film editor. In addition to Star Wars, she has cut Scorsese's Taxi Driver and his upcoming New York, New York. About that time, Lucas also met Coppola, who has become a soul mate. Says Lucas: "We...
Millions of jobless young people between 16 and 24 roam the streets of major U.S., Canadian and European cities, looking for work by day and cramming into bars, beer halls, sleazy pubs and pool rooms at night. "Hanging around" has become an occupation in itself, a dreary, unstructured existence with...