Word: feds
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Dates: during 1970-1979
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...certain," he wrote, "for that has been true of every advance Harvard College has ever made...Strange rumors float about, and the less solid they are the lighter and easier they float. Some people seem to think that the student is to be chained in a galley and fed with a spoon...
...tried to give an account of what was being painted in Europe. The reason, as everyone "knew," was that European art no longer mattered. Paris was over; London, a village; only New York had a hammer lock on history. This eminently questionable belief, fathered by chauvinism and fed by the largest promotional apparatus in the history of art, lay at the root of American art politics in the '60s and formed the taste of a generation of museumgoers. Now the retreat is on. An exhibition called "European Painting in the '70s" opened last week at the Los Angeles...
...liberal policy came last week from the board's actions on so-called Federal Funds-that banks lend to each other overnight. The interest rate on such loans is heavily influenced by the Federal Reserve's purchases or sales of Government securities. The board often uses the Fed Funds rate to signal its intentions on money supply; it will let the rate rise to show a tightening, permit it to fall in order to flash a sign of expansion. At one point last week, the board let the Fed Funds rate fall to 5.875%, the lowest level...
...begin their two-week tour, the Emperor and Empress Nagako were driven to the re-created colonial village of Williamsburg, Va. There Hirohito rode in an open carriage to the House of Burgesses, and like thousands of tourists before him, fed the ducks on the grounds of the Williamsburg Inn. He also found time to smooth over a troublesome incident. He dispatched a Japanese official to nearby Norfolk to lay a wreath on the grave of General Douglas MacArthur, the commander whose forces had defeated Japan but who had allowed Hirohito to keep his title. The gesture was made...
...more people go hungry, more people will be discontent, and if Bengalis take pleasure in ripping people apart in the street when they are discontent, Bangladesh may well drift from revolution to revolution, at the expense of a few unhappy bureaucrats and millions of people who could be fed...