Word: fed
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Dates: during 1970-1979
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There was little time to lose. Rumors were floating round Washington that Kissinger was fed up with fighting Congress and thinking of quitting. Reports of Kissinger's imminent departure have become "an annual story," notes the subject, but last week a leading Democratic Senator who has generally backed the Secretary sadly predicted that Kissinger's days were numbered...
Interest rates have been coming down steadily; the prime rate for loans to corporate borrowers was lowered another notch by some big banks last week to 8¼%, down from 12% last October. But many economists say that the Fed could have forced interest rates down much more swiftly. Despite Burns' repeated assurances that expansion of credit had been "adequate," economists have been startled to discover from the Federal Reserve's own figures that the money supply has in fact been expanding at an average annual rate of just 3% since June, and that it actually contracted sharply...
...explanation for the paradox in the present monetary situation: interest rates are falling even though the money supply is barely increasing. Burns' critics agree-but only partially. Says Arthur Okun of the Brookings Institution, a member of TIME's Board of Economists: "To argue that Fed policy did everything it could is untenable." The critics say that if the Federal Reserve had been more alert to the danger of severe recession last year, interest rates would have come down faster, borrowing and spending would have increased and the downturn might have been softened...
...water approaches cut off and they are shelling the city now from an four sides. According to reports in the western media, they now control close to 90 per cent of the territory in the country. Hundreds of thousands of peasants are now refugees in Phnom Penh, having fed the fighting in the countryside, especially since the most recent Khmer Rouge offensive began. But except for the few very rich, life in the capital would appall any observers more sensitive to pain and deprivation than Americans are now after decades of constant, televised warfare in Asia...
...demand, I cure you, than, as our Lord cursed the fig treat may you depart from this place forever sterile may your generation either at the roots, and a better be fed...