Word: feds
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Dates: during 1970-1979
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With the economy picking up, the Federal Reserve Board has enjoyed a rare season of peace. Normally, politicians and businessmen accuse the Fed either of creating inflation by pouring out too much money, or of strangling business by holding back on cash and credit. Throughout the spring, however, the board's governors pursued a neutral policy, feeding out money just fast enough to keep pace with the expansion in sales, production and inventories...
...Target. Thus the independent Fed is sure to come under heavy White House prodding to pump out enough money to bring interest rates down again. The Federal Reserve governors have already taken one step to resist such pressure. In recent months the board adopted a new operating method to influence the money and credit available to the economy. The method focuses on a new target: bank reserves against private deposits. In effect, this tactic emphasizes new precision in the control of vast aggregates of money and puts less stress on influencing specific interest rates. Thus the board is purposely paying...
...American are making serious attempts to maintain effective surveillance and deterrent devices, others are deliberately dogging it to try and force the Federal Government into picking up the tab for airline security (e.g., magnetometers, sky marshals, X-ray equipment). FAA officials and the pilots are becoming more fed up by the day. Said Captain Al Bonner, vice president of the Air Line Pilots Association, which recently called a 24-hour protest strike: "The public, we feel, should stand up with us by refusing to fly on airlines that continue to put economic gain before the security of their passengers. Safety...
Ritchie and Larner stack the cards by making all McKay supporters well-fed suburban liberals or eager youths with a renewed faith in the electoral process. Jarmon's people are loud, right-wing, wrong-thinking rednecks who are not even photogenic. Neither the authentic political atmosphere nor canny performances by Redford, Boyle and Porter go far to cut through the basic glibness of the film. Ritchie incorporates numerous television political commercials and makes a point of their smooth dishonesty and wily distortion. None, however have less substance than The Candidate...
...social sciences, Knowles the bibliophile is adding works on the history of medicine. As a footnote to the history that Knowles is trying to make, Boston University two months ago gave him an honorary degree. Said the citation: "With the quick clyster of your ribaldry and moral outrage ... you fed physic to your own profession. You purged it. You goosed the quack...