Word: feds
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Dates: during 1980-1989
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...more sensible question may be: Why should the Games continue at all? After last week's announcements that the Soviet Union and East Germany were pulling out of the events, most American commentators sounded fed up with the whole business. Perhaps justifiably. Since 1968 every Olympics has been spoiled by some act of political protest or violence, and during that same period the Games have grown gargantuan in size, stakes and influence. Until the Soviet decision, it was estimated that this year a television audience of 2½ billion people would watch the events, "more than half the living...
...Administration sees it, the rise in the prime was the result of the tight monetary policy being pursued by Feder al Reserve Chairman Paul Volcker. The Administration has long been unhappy with Federal Reserve policy, saying in private that the Fed should allow the money supply to grow more rapidly and thus help the recovery. Reagan aides had sharply criticized the Fed earlier in the Administration, but in recent months the attacks had stopped...
...following day the attack was picked up by Treasury Secretary Regan. In a speech to Massachusetts businessmen and community leaders, he warned that the Federal Reserve's stringent credit policies could begin to hurt. Said he: "If the Fed continues on its tight path now, it will have an effect on November and December. Does that have us worried? You bet your life it has us worried...
...remains. He was reappointed in August 1983 to a new four-year term, and is expected to stay in his job at least until 1985. Volcker is accustomed to seeing the Federal Reserve become a political target in an election year. During the 1980 presidential campaign, Jimmy Carter attacked Fed policies as "ill advised" and grumbled about the "strictly monetary approach to making decisions...
...sound of a shepherd's reed in the distance made his small flock of sheep and goats visible. The goats separated themselves from the sheep seemingly by following the sound of their own bells. But there wasn't even a small patch of green, and what the animals fed on couldn't be anything other than last summer's weeds, now dead and discolored by water...