Word: feds
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Dates: during 1980-1989
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...economy may be headed for trouble. The Labor Department said its Producer Price Index rose 0.9% in September, or about 10% on an annual basis, to break a three-month string of declining wholesale prices. Earlier in the week, Federal Reserve Chairman Alan Greenspan suggested that the Fed remains wary of inflation and therefore would be averse to easing interest rates. That was not what Wall Street wanted to hear...
Karan, 41, has earned a reputation as the sartorial savior of the modern working woman who is fed up with floppy bow ties and sexless designs. Karan's clothes are comfortable and practical, stylish and feminine. Among her trademarks: one-piece silk bodysuits, easy-fitting jackets, wrap skirts. Fashion doyen John Fairchild, publisher of Women's Wear Daily, lauds Karan as the most important American designer. Says he: "Donna understands a woman's body the way Coco Chanel did." A size 12 herself, Karan boasts the rare and eternally marketable talent of cutting a skirt or a pair of pants...
...turned out that little action by the Fed wasnecessary. As a precaution, the central bankinjected about $2 billion into the financialsystem on a day when it ordinarily would havedrained reserves...
...Fed injects money into the banking systemby purchasing Treasury securities, putting cashinto the hands of the sellers...
...paradox is that East Germany's 40th birthday party should have been a glorious moment for the 77-year-old Honecker. Largely because of his grimly orthodox leadership, "Honi" could boast of giving the German Democratic Republic the strongest economy, the finest industry and one of the best-fed, best-housed and best-educated populations in the East bloc. It was the world's most successful -- or least unsuccessful -- example of Marxist government...