Word: feds
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Dates: during 1980-1989
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...radiation absorption equivalent to 4,000 chest X rays. Technicians sprayed six of the patients with cold water and scrubbed them with soap to remove any cesium from their skin. In an attempt to cleanse their bodies of any cesium they might have swallowed, the team of doctors fed them an iron compound called Prussian blue, which soaks up cesium and blocks its absorption by the body...
...Crimson cut the lead to 4-2 only 30 secondsinto the second period when Tod Hartje fed JohnWeisbrod in front of the net. After his firstcollegiate goal, Weisbrod was mobbed by histeammates...
...scenes to bolster the Reagan Administration's political response to the crash. Within an hour of Treasury Secretary James Baker's return from West Germany to Washington on Tuesday, Greenspan was huddling with him to plan the Administration's response to the market crash. Later that day the Fed chairman helped persuade Reagan to offer Congress a summit meeting to negotiate a federal-deficit reduction program...
People like Lyle Gramley, a former Federal Reserve governor who is now chief economist for the Mortgage Bankers Association, praised the Fed chairman for his decisive actions. But critics like Paul Craig Roberts of Washington's Center for Strategic and International Studies charge that Greenspan also helped cause last week's market disaster. They note that back on Sept. 4, Greenspan's first important move as Fed chief was to push successfully for a hike in the bellwether discount rate, the interest that the Fed charges on funds lent to financial institutions, from...
Greenspan justified the rate hike as a move against potential inflationary pressures, which indeed it was. But for investors, any increase in interest rates makes stocks less attractive, since higher returns become available for bonds, Treasury bills and other fixed-income securities. During the two trading days after the Fed announced its decision, the Dow Jones industrial average dropped 54 points. Admits Gramley: "A common problem is the markets do not understand Alan Greenspan's statements. He needed to express ((the Fed's decision)) more clearly...