Word: financee
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Dates: during 1980-1989
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It seems like a sensational deal. After a mere two or three years of work, retire on a pension that will finance decades of carefree living. Such a bargain is in fact available -- but only to chimpanzees. Some 80 chimps are involved in a research project in San Antonio in...
Would he really attack inflation, high interest rates and unemployment? Reagan rammed through Congress his radical tax-reduction scheme and some curbs on domestic spending. Just as important, he supported the harsh restraints already being applied by the Federal Reserve Board under Paul Volcker. Inflation succumbed, at last, to the...
But the West German Finance Ministry did not even begin an audit of Imhausen until the U.S. stepped up its pressure on Bonn around Christmas. The delay occurred, says Ost, because "some things have to be pursued in a discreet manner." Discretion, however, quickly gave way to finger pointing. Press...
When Israeli Labor Party leader Shimon Peres traded the foreign affairs portfolio for the Finance Ministry, he also traded headaches: curing the country's ailing economy won't be much easier than making peace. Israel's highly socialized economy suffers from double-digit inflation, lagging exports, shrunken tourism and the...
But the new Finance Minister is determined to make austerity stick. Said Peres: "I came to the Treasury to carry out a task, not to look for approval."