Word: feds
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Dates: during 1970-1979
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...scarcities are also having a snowballing effect; a shortage in one commodity aggravates shortages in others. Example: a shift in the ocean currents off Peru has almost wiped out the catch of anchovies, a major source of animal feed. As a consequence, demand for soybeans and corn to be fed to cattle and hogs has speeded up sharply, worsening shortages of those foods, and also of meat...
...micro-organisms." He and his colleagues ran through dozens of mold-killing antibiotics to test their effect on paint. Finally one was left: Squibb's Nystatin, a stomach medicine, which did not harm the pigments. But it came in the form of pills, which could not be fed to a wall. At last the University of Florence's chemistry department found a way to render powdered Nystatin soluble, and it was sprayed on the frescoes...
Being Stingy. The Federal Reserve touched off this wild scramble as part of its complex plan to calm the economy's inflationary exuberance. For some time, the Fed has been trying to dampen borrowing by being stingy in doling out reserves to banks, and early in the summer, Board Chairman Arthur Burns abandoned his attempts to hold rates down by jawboning. The board then became worried that depositors would pull their funds out of banks and S and Ls in order to buy higher-yielding Treasury bills or commercial paper, leaving the savings institutions with no money to lend...
TIME Correspondent Herman Nickel, who visited Seoul last week, reports that people are well dressed and well fed, the shops bursting with goods of every description. In the past twelve years, the annual G.N.P. has soared from $95 to $300 per capita. Even in the poorer sections of the capital, such as the squalid shacks which cling precariously to steep hillsides, electric lights, radios and fans are common. A middle class of small entrepreneurs and professionals has emerged...
...contemporaries wonder where the collective anger that fed their faith in 1969 went. They think that the dream of '69 died with the action, and they miss the high feeling of Happening. One of their biggest depressants is a whole new crop of freshmen and sophomores who simply aren't having...