Word: feds
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Dates: during 1980-1989
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While the Mafia fed the world's drug habit, the problem initially did not seem urgent in Italy. In 1975 Parliament passed one of Europe's most liberal drug laws, which allowed individuals to possess an unspecified "modest quantity" of narcotics -- even heroin and cocaine -- for personal use. The legislation was hard only on dealers: they could be sentenced to 30 years in prison...
...Chase Manhattan, bankers were responding to what they see as a relatively tight credit policy on the part of the Federal Reserve Board. Under Chairman Alan Greenspan, the Fed has allowed rates to rise because of its concern that the economy is expanding fast enough to kindle inflation...
Another key reason for the rising interest rates is the federal budget deficit, which is expected to total $137 billion in fiscal 1990. Paul Volcker, the former Fed chairman and now a Wall Street financier, warned a congressional commission last week that unless the Government reduces its huge borrowing needs, "there is the risk of a real financial disturbance. It would bring about the kind of recession that would be the most difficult to handle." One way in which the deficit has triggered higher rates is by undermining foreign confidence in the dollar, which plunged more than 3% against...
...most accounts, the Fed is attempting to nip inflation before it buds, a policy some economists believe could be dangerous. Says Sidney Jones, a professor at Georgetown University's business school: "The Federal Reserve is overreacting to the risk of what it perceives as an overheated economy. I don't think it's there." Adds Edward Yardeni, chief economist for Prudential- Bache Securities: "I hope Greenspan doesn't do too good a job of keeping the lid on, because it could cause a recession. I don't think he will, but he could take some...
...Rocca as Seymour, a schlemiel who works in a skid-row flower shop owned by Mushnik (Adam Schwartz). Seymour finds a strange plant, which he names Audrey II, after the Audrey who is the object of his affections (Sibel Ergener). Seymour discovers that the plant flourishes only when fed human blood--and it talks, to boot. He must struggle with the Faustian bargain Audrey II offers him: fame and success for the store and Seymour himself, in return for fresh flesh...