Word: feds
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Dates: during 1970-1979
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...young men who loosely share some common characteristics. An ex-college wrestler is given brief command of his squad during his own basic training and learns that trying to be fair is a kind of condescension. A sophisticated Eastern writing teacher plays Pygmalion to a gifted but corn-fed coed in Iowa. A stoic, weanling New York lawyer is gently and blessedly maneuvered into an affair with a middle-aged woman. An incipient Washington administrator's friendship with a young Soviet reveals the bureaucratic fate that awaits them both...
Evans, who majored in economics and mathematics at Brown University, is a pioneer in econometrics, in which hundreds of related equations are fed into a computer to determine what would happen if, say, a 45-day auto strike occurred this fall. In 1963 Evans joined Professor Lawrence Klein at the Wharton School. But Evans broke with him after half a dozen years and later struck a deal with Chase Manhattan Bank to create Chase Econometrics. Forecasting by econometrics became immensely popular with corporate and Government clients, and today is a $100 million-a-year business...
...Fed a blend of soybean and milk protein ingeniously ground up with a restaurant macaroni machine, the lobsters eagerly snapped up dinner with their claws -"sometimes just like hungry dogs," says Conklin. But the artificial diet, alas, produced almost snow-white lobsters (unlike the motley-colored beasts in nature). For anyone who thinks this might be objectionable, Conklin's advice: add a dash of paprika or some other natural coloring to the feed. That should turn them into redbacks even before they are cooked...
...Neill sensed a different sentiment on the floor. He knew that members of the House had been blistered by their constituents for turning down President Carter's plan for stand-by gasoline rationing. The Speaker also realized that the voters were fed up with the oil companies. "I've never seen the public so mad," O'Neill told reporters. "You take away gasoline and you destroy the family. That's the way they feel." Indiana Democrat John Brademas saw another reason for the vote, urged along by persuasive conservationist lobbying: "There is a feeling of protecting...
...satisfied with the Federal Reserve Board's middle-of-the-way monetary policy. One exception is David Grove, who argues that a much tighter money policy and a deep recession are needed to wring inflation out of the system. As the recession deepens, Okun would prefer that the Fed ease off and promote some expansion of money supply, which has been fairly tight over the last six months. Warns Okun: "Keeping to that policy in a recession is like wearing an overcoat in summer...