Word: feds
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Dates: during 1970-1979
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...away visiting Peking. She says that the military governments that have succeeded each other at one or two year intervals since Nkrumah's fall have done nothing. "He built what roads, hospitals, and schools there are, and the government is letting them fall apart. Ghana is being fed by the long-range planting projects Nkrumah started--almost anything will grow in this soil--but nobody is innovating any more...
...freighter off the coast of Pakistan when some guys came aboard and pointed guns at us. Then they let us go. At first I thought the Cambodians were going to take us out and shoot us. But they were so nice, really kind. They fed us first and everything. I hope everybody gets hijacked by them...
...will under present law; Congress is almost certain to agree. Some members would also have the Federal Reserve bring down interest rates by expanding the nation's money supply more rapidly than the 5% to 7 ½% rate set as a target for the next twelve months by Fed Chairman Arthur Burns...
...Testifying before the Senate Banking Committee last week, Arthur Burns, chairman of the Federal Reserve Board, conceded that unemployment, which rose last month to 8.9%, is now the nation's No. 1 economic problem. To assist the economy's recovery and ease unemployment, Burns pledged that the Fed would increase the nation's money supply by 5% to 7.5% until next March. It was the first time that the Fed had ever specified monetary targets in advance; Burns had to do so to comply with new legislation. But Burns insisted that inflation remains the No. 1 long...
...move to establish a state bank reflects a growing enmity between New York State's giant financial institutions and its political leaders. Their differences reached a boiling point in February when the private banks, apparently fed up with the chronic budgetary ills of Albany and New York City, refused to bid on bonds issued by the state's Urban Development Corporation. The UDC, created by the legislature mainly to finance low-cost ghetto housing, could not pay off $104.5 million in one-year notes. The state was forced to undertake an exceedingly costly rescue operation to save...