Word: feds
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Unlike last year's coups, this one was welcomed by the people. They were not so much fed up with any corruption as with Juxon-Smith's fondness for lecturing them on "sweat and toil...
...brutal fact of nature is that the sea each year claims more than it gives. Ever since the end of the last ice age-when the grinding action of glaciers against rocks created much of the world's present sand-the oceans have been steadily rising. Fed by slowly melting ice, the level of the seas is now 300 ft. above what it was 18,000 years ago, and is still creeping up at something like 9 in. a century. If man is to keep his beloved beaches, he will have to continue the costly process of reclaiming sand...
...threatened dollar abroad-last week prompted the Federal Reserve Board to give the nation its third dose in five months of some painful economic medicine: higher interest rates. The Reserve Board voted unanimously to raise its discount rate from 5% to 51%. That increase in the amount the Fed's district banks charge for borrowed funds applied initially to loans to member banks from the Federal Reserve banks of New York, Philadelphia and Minneapolis. The other nine reserve banks were expected to take similar action quickly...
Twin Perils. Few bankers expected another boost so soon. And the Fed's surprise move amounts to a monetary corset for the fattening economy. "We are in the midst of the worst financial crisis since 1931," said Reserve Board Chairman William McChesney Martin. The nation, he maintained, faces "uncontrollable inflation" or an "uncontrollable recession" because of an "intolerable balance of payments deficit side by side with a budget deficit...
...including 440 hard-core Communists, are kept in three camps on two barren Aegean islands, where they are allowed to receive mail and packages from their families. According to reports by the International Red Cross, they are also allowed to go outside for exercise at least once daily, are fed edible food and receive adequate medical care. Even so, the Red Cross considers only one of the three camps suitable for long-term confinement, has protested against the overcrowding and lack of proper sanitary facilities in the other two. The government also holds several hundred prisoners who have been arrested...