Word: factly
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Dates: during 1970-1979
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...numbers of students leaving "would have to increase manifolds before we had the problem of empty beds." As Martha F. Davis '79, a former student member of CHUL who led the committee discussions on study abroad, noted in a memo to CUE members in 1978, study abroad might, in fact, serve "as a source of relief from overcrowding" in the Houses...
...fact, a surprise surge in money growth was precisely what happened last spring. This is a big reason why inflation shows no signs of abating. Ironically, even as then Fed Chairman and now Treasury Secretary G. William Miller was proclaiming a clampdown on monetary growth and pointing proudly to double-digit nationwide interest rates as evidence that the Fed was making it costly to borrow funds, the money supply itself was about to explode...
...ultimate challenge to the Fed's bold new initiative is, of course, the sheer virulence of the nation's inflationary malaise. In the short run, skyrocketing interest rates will just make the plague worse, since rising interest simply pushes up the cost of money. In fact, the new boost in rates makes it even more certain that the actual amount of inflation this year will far exceed the Administration's official forecast; it still maintains that the rise in prices for all of 1979 will be no more than...
...time of rapidly rising interest rates. The IBM paper carried a yield of 9.41%, whereas even the new Treasury notes and government bonds returned fractionally higher interest. Also, over the Columbus Day weekend, rumors began to circulate that IBM's third-quarter earnings were down. In fact, as announced late in the week, they fell 18%. The unsold paper, possibly $300 million worth, was dumped on the open market, where it fared badly. IBM's timing ignored a hoary Wall Street axiom: "Never commit yourself to a major issue before a long weekend. Who knows...
...fact, Jimmy Carter may be the first U.S. President to have what can fairly be called a Caribbean policy. He expressed his interest in the region early by dispatching his wife Rosalynn, Secretary of State Cyrus Vance and then U.N. Ambassador Andrew Young on official visits. In 1977 the National Security Council set up an interagency task force to review the area's problems. Two months ago Vance sent former Under Secretary of State Philip Habib on a ten-day tour of the area to re-examine U.S. policy. Among Habib's still secret recommendations: providing generous...