Word: finally
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Dates: during 1970-1979
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...least three people turned down the top Fed job: David Rockefeller of the Chase Manhattan Bank, A.W. Clausen of Bank of America and Robert Roosa of Brown Brothers Harriman & Co. investment bankers. The final choice came down to Volcker and Bruce MacLaury, president of Brookings. When Carter phoned Volcker last Tuesday, the banker's main concern was to make sure that he and the President agreed on the independent role of the Federal Reserve. "I am satisfied on the basis of my conversations with the President that he has a good understanding of the problems," Volcker said later...
...ambitions of new leaders sometimes sink into Realpolitik. To the environmentalists' delight, Dick Lamm, Colorado's newly elected Governor, proclaimed in 1975: "I am going to drive a silver stake through the heart of Interstate 470"?a road that was to be the final link of a circumferential highway around Denver...
...another country, Alfonso Robelo Callejas and Moises Hassan led a delegation of 23 guerrillas to Cuba. Fidel Castro was celebrating the 26th anniversary of his assault on Havana's Moncada barracks. Repaying the Palestine Liberation Organization for the arms and other support it provided during the Sandinistas' "final offensive," the new Nicaraguan government announced that it would seek a "close relationship" with Arab countries...
...three new military airfields it plans to build in the Negev to replace bases that will be lost in the course of the phased Israeli withdrawal from the Sinai. Government officials argue that this vital security interest justifies a special law, that the peace treaty timetable requiring final withdrawal by March 1982 allows no time for prolonged appeal proceedings, and that optional land and monetary compensation-ranging from $83 to $250 an acre-will be adequate...
...Volkswagen's sprawling headquarters in Wolfsburg, Chairman Toni Schmücker and his top aides are pondering a major question: Should the West German automaker build a second plant in the U.S.? A final decision is expected by year's end, and the early signs point toward a definite ja. A team of Volkswagen experts is already studying possible sites; the new plant would be an assembly operation that would put together the popular, front-wheel drive Rabbits and would probably be on the West Coast...