Word: feds
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Dates: during 1980-1989
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...chairman expired in 1983, but then decided to reappoint him because of the respect he commands in the financial markets. Now, however, the openings at the Federal Reserve may give the Administration new leverage against Volcker. The chairman's reputation earns him enormous clout, and he can set the Fed's agenda, but his vote counts for no more than those of other board members, and he could be overruled by his colleagues...
...same time, other Administration sources fed the press reports that another "fall offensive" was in the works on the domestic front, with tax reform and Star Wars its primary objectives. (Some reporters questioned the Administration's terminology, noting that last-ditch efforts to salvage imperiled initiatives would be more defensive than offensive in nature...
...Washington became increasingly fed up with the DIVAD's problems, Weinberger last year ordered a $54 million series of battlefield-condition tests. Congress then authorized money to keep the program alive but with a caveat: the funds would be released only if Weinberger certified that the gun "meets or exceeds the performance specifications of its contract." The tests were monitored by the Pentagon's new Operational Test and Evaluation Office, mandated by Congress in 1983 to serve as an independent watchdog. The results were abysmal. Said OT&E Director Jack Krings last week: "As tested, the Sergeant York...
Theories: he had vanished to devote himself more fully to writing; he was fed up with police work; he was fleeing financial pressures (he owed $2,000 to a woman friend and was behind on alimony payments to his ex-wife). Where might the hefty, 5-ft. 11-in. chief have gone? He had a soft spot for San Francisco. He had spoken of Florida. And he had long been obsessed with Burnt Cabins, Pa., a hamlet about 60 miles southwest of Harrisburg that according to Wiley had been the scene of a bizarre crime...
...retired in 1972 and who in 1930 invented the celebrated Hostess Twinkie, a sponge cake filled with sweet cream, beloved of schoolchildren and bewailed by nutritionists, that with 40 billion sold has become the nation's favorite snack cake; in Downers Grove, Ill. To critics, Dewar said, "I fed them to my four kids. Twinkies never hurt them...