Word: feds
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Dates: during 1970-1979
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...week ending Oct. 26. Thus the Federal Reserve has been increasing short-term interest rates to slow the increase in the money supply. On the other hand, CEA Chairman Schultze, the Administration's most vocal critic of Burns, holds that velocity is declining and that if the Fed does not increase the money supply, interest rates will shoot up and the economy will be in danger of going into a recessionary tailspin...
...growing conflict, members of the Administration have criticized Burns' policies on four occasions, and the hard-nosed Fed chairman has replied in kind. In his view, business profits are too low, and something must be done to increase them to prevent economic recovery from petering out. Two weeks ago he declared: "Anyone who wonders why capital spending has been so halting or why stock prices have behaved so poorly for so long would be well advised to study this dismal record of what American business has been earning." Indeed, a Wall Street Journal survey last week found that analysts...
...sharpest cards ever to hit Hollywood: Irving Thalberg, the boy wonder producer, whose career inspired F. Scott Fitzgerald's unfinished last novel "The Last Tycoon." Thalberg's gambling ability marked him as the man to revive the ailing career of the three Marx brothers (Zeppo, having gotten fed up with his role as straight man, had left the team to become an agent; when Thalberg asked if the Marxist troika expected the same salary they had received as a quartet, Groucho riposted "Don't be silly. Without Zeppo we're worth twice as much!") and thus a stormy but ultimately...
...ensure the survival of Indian society, and the safety of the unique Indian cultures, languages and people. With the abrogation of all these treaties by North American governments and the massacres of peaceful Indian nations, the reservations have become concentration camps surrounded by armed guards. Indian people are new fed surplus army rations, and live in migrant-type housing, which frequently has no running water or plumbing facilities. Stark tarred shacks adorn barren, dusty streets littered with bottles and soda cans...
...meeting on Western water problems in Denver, Carter was gently chided for his drive to curtail large dam projects by Democratic Colorado Governor Richard Lamm, who claimed that in just one year the value of Colorado crops fed by stored water exceeds the cost of the state's 73 water-reclamation projects. As in Detroit, Carter showed surprising knowledge of regional conditions, noting that, unlike Georgia, Colorado does not help conserve water by metering its use in homes. But, also as in Detroit, while Carter was cordially received, he left his audience vaguely dissatisfied by his failure to propose...