Word: forde
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Dates: during 1980-1989
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...college and the arcane discipline of economics. Eight years later, while studying for his Ph.D. at Columbia University, Greenspan abandoned academia to become a partner in a new consulting firm. In 1974, having never held a government position, the economist waltzed into Washington as chairman of President Gerald Ford's Council of Economic Advisers -- just in time for the worst recession in postwar history...
Greenspan, who was President Gerald Ford's chief economic adviser from 1974 to 1977, is the first member of the TIME board to be named Federal Reserve , Board chairman. He will be remembered for his dry wit -- and one curious habit. Because of a sometimes bad back, he was occasionally prompted to stand while addressing fellow members, then to stretch out flat on his back on the meeting-room floor while others spoke. Most important, of course, Greenspan was esteemed for his sound economic judgment. "The views he shared with us were reflected in the stories we wrote about...
...August at the end of his second four-year term. His successor, and thus the new Mr. Dollar, will be Alan Greenspan, 61, a highly regarded private economist (and longtime member of TIME's Board of Economists) who served as chairman of the Council of Economic Advisers during the Ford Administration. Said Greenspan last week, after revealing that it took him "milliseconds" to accept the President's job offer: "Under Paul's chairmanship, inflation has been effectively subdued. It will be up to those of us who follow him to be certain that those very hard-won gains...
...discuss details of the PTL controversy. Nor, he says, is Wife Tammy Faye available. "This whole time she's been shopping," he says, noting that she visits at least two flea markets a week. Until recently, both Jim and Tammy Bakker went five days a week to the Betty Ford Center in Rancho Mirage, Calif., where they were both outpatients. "I went because of Tammy," he says, explaining that his wife was addicted to a prescription tranquilizer as well as an over-the-counter allergy medicine...
Ness is even more radically redefined. Mamet says he sees him as a lone town tamer of Western legend. De Palma has evoked the name of John Ford to suggest the classic qualities he was aiming for. And Costner has something of the grave beauty Gary Cooper used to bring to these roles...