Word: feds
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Dates: during 1960-1969
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...Pablum which is the constant diet of most newsmen covering campaigns. Most reporters--particularly those from the wire services and the second-rate dailies--remain encased in the womb of the press bus or plane and file a stream of speech stories, color stories, and isolated voter reaction stories fed to them in press releases or by word of mouth by the candidate's press staff. In between deadlines, they gossip about politician, view the scenery, or ask around for the name of a good restaurant at the night's stop...
...governors, women housing commissioners, women officials in local, state, and federal government, women in life insurance, women in publishing, and the first woman member of the New York Stock Exchange. There were elegant ones, and dowdy ones, and young ones, and black ones, and behatted ones. The ladies were fed on seagull soup, delicate chicken breasts with green noodles and pickled apricots, and multi-colored ice-cream in the shape of cellos, tubas, or clarinets. The lady to my left, small and pleasant, began to talk of her daughter. "...And she went to Wellesley. But she grew...
James L. Speyer '70, head of the fund-raisers, said he has about 200 callers, each of whom has 30 undergraduates to call. Students are being asked to make out checks--"for five or ten dollars or two"--to Massachusetts McCarthy for President. Speyer emphasized that contributions are being fed to campaign efforts all over the country...
Steps Taken. Alarmed by earlier buying of gold, the same central bankers, only six days before their Washington conference, had held a similar session in Basel. There the Fed's Martin reasserted the U.S. intention of maintaining a $35-an-ounce price on gold, persuaded his peers to keep the pool going. In spite of their agreement to do so, rumors spread-and were vigorously denied-that both Belgium and Italy were dropping out of the pool; the rumors only fanned the flames of speculation. Martin emerged from the Basel meeting to describe himself as "satisfied" with its decisions...
Back home, the U.S. last week took steps to put its economic house in order. The Fed, to dampen the U.S. economy and provide some antidote to the balance of payments deficit, decided on an increase in the discount rate. The rate, which represents the cost to commercial banks of borrowing Federal Reserve money and thus affects their own rates to customers, went from 41 to 5%. The increase meant higher interest rates on loans, less available mortgage money and, just as the Fed intended, a hold-down on all but necessary spending because borrowed money would be more costly...