Word: forded
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Dates: during 1970-1979
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ALAN GREENSPAN: "The Fed had no alternative," says the former chief economic adviser to President Ford. "The new reserve requirements are significant because they will increase the cost of Eurodollars, which have been one of the major sources of funds flowing into the United States," pumping up credit availability and increasing inflation. "But the key and by far the most important change is to switch to a policy of constraining money supply as distinct from manipulating interest rates." Greenspan grants that "for an interim period, interest rates could be highly unstable; the prime rate could easily...
...many luminaries expected, an invitation to Saturday's dedication of the John F. Kennedy Library has become the hottest ticket in Boston since the 1978 playoff between the Red Sox and the Yankees in Fenway Park. The present President, Jimmy Carter, was invited, but ex-Presidents Gerald Ford and Richard Nixon were not. That was the decision of the Kennedy sisters-Eunice Shriver, Patricia Lawford and Jean Smith; they outvoted Brother Ted, who did not favor the public snub...
...crowd of scientists, industrialists and other celebrities will gather amid the historic buildings at Greenfield Village in Dearborn, Mich., to commemorate the hundredth anniversary of Edison's banishment of darkness. In Edison's laboratory-disassembled in Menlo Park, N.J., by his good friend Henry Ford, then crated and shipped to Dearborn along with seven railroad cars full of the clay soil on which it sat-the audience will watch a re-enactment of the scene. Madeline Edison Sloane, the inventor's great-granddaughter, will throw the switch that opened a new era. As the German historian Emil...
...talked so often about his need for no more than three hours' sleep a night that the story has become enshrined in biographies. A half-truth at best. When the Ford Motor Co. archives were opened in 1951, researchers found many pictures of Henry Ford and his pal Edison in laboratories, at meetings and on outings. In some of these photos, Ford seemed attentive and alert, but Edison could be seen asleep - on a bench, in a chair, on the grass. His secret weapon was the catnap, and he elevated it to an art. Recalled one of his associates...
...million in credits, and the rights to build the French company's newly designed front-wheel-drive car starting in 1982. The U.S. firm would thus have an entry to challenge General Motors' X-body compact cars, which are now being marketed, and the new models that Ford and Chrysler are expected to put into dealers' showrooms. Said AMC Vice President Wilson Sick: "We just couldn't stay in the passenger-car business and meet the federal standards [for pollution control and gas mileage]. But Renault has the technology, it has an excellent product...