Word: follow
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Dates: during 1980-1989
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...Iran-contra mess has been more complex and difficult for Americans to follow than the Watergate tragedy, but according to New Jersey Congressman Peter Rodino, the newer scandal illustrates a similar "arrogance of power." Rodino knows the subject better than most; he chaired the House Judiciary Committee that voted articles of impeachment against Richard Nixon. No similar threat imperils Ronald Reagan, and there are many differences between the two events. Still, as the hearings demonstrated, the Iran-contra misdeeds in some ways are more far-reaching in their implications, placing U.S. foreign policy in the hands of private citizens...
...possibilities of atomic conflict breed mutant thoughts. "Suppose I survive," Amis speculates, "then -- God willing, if I still have the strength, and, of course, if they are still alive -- I must find my wife and children and I must kill them." In the parables that follow this shocking statement, a former circus strongman discovers his family murdered by London toughs, a case of schizophrenia mirrors a fractured universe, a dragon-size dog ritually feeds on the residents of a small village, and in the year 2020, time becomes a fatal disease. A recurrent theme is that the world has lost...
...Federal Reserve decision making the chairman's vote theoretically counts equally with those of the other governors. But in practice the board has traditionally tended to follow the lead of the chairman. In the past, figures like William McChesney Martin Jr. (chairman from 1951 to 1970) and Arthur Burns (1970 to 1978) have become nationally renowned monetary policymakers. Volcker may have earned an even mightier reputation for bringing the inflation rate down from 13.3% in 1979, the year he was appointed, to 1.1% in 1986. He consistently managed to persuade the other Fed governors to go along with tough...
...immediate future, Greenspan is likely to follow Volcker's anti- inflation policies. Says Harry Kalberman, a broker at Merrill Lynch and a close Greenspan friend: "People who think he will allow inflation to come back are fooling themselves." Agrees Jerry Jasinowski, chief economist of the National Association of Manufacturers: "Philosophically, he may feel more strongly about reducing inflation than Volcker...
...could not "allow itself to be threatened in this way." The Reagan Administration took milder exception to Sullivan's announcement, saying that "it is now more important than ever for U.S. firms to stay and work for an end of apartheid." Several U.S. companies suggested they would continue to follow the Sullivan Principles. Asked whether the guidelines could endure without Sullivan, the clergyman quipped, "Well, they kept the Ten Commandments without Moses...