Word: foundings
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Dates: during 1970-1979
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Volcker's problems in those days, when he was Nixon's Under Secretary of the Treasury for Monetary Affairs, were chiefly with the French. But the French have also found ways to be accommodating. When Volcker stays in Paris, the Crillon Hotel installs the bed that was specially made for a famous 6-ft., 4-in. guest: General Charles de Gaulle. No other will hold the frame of the 51-year-old banker from New Jersey...
...dollar. Said usually testy Senate Banking Committee Chairman William Proxmire: "The President has shown outstanding judgment. His appointment will be praised by Congress, by participants in domestic financial markets and by the international monetary community." Added the Brookings Institution's Robert Solomon: "The President couldn't have found a better man." The stock market shot up, bond prices improved, and, despite Carter's lack of new programs to support the dollar, it temporarily recovered slightly on overseas markets, mainly on the basis of Volcker's reputation as a conservative defender of the dollar...
Treaty backers found some small hope in Haig's vague statement. They were even more cheered by an unexpectedly early signal from Senator Sam Nunn. The Georgia Democrat announced that he would vote for SALT II if annual defense spending were boosted about 5% (after inflation) for the next five years. Said he: "In the absence of such a commitment, the SALT II treaty will become nothing more than an instrument for registering emerging Soviet military superiority...
Another expert testified that Bundy's hair was "microscopically" similar to strands found in a pantyhose mask that police discovered in the rooming house where one coed was assaulted. Finally, Simpson reminded the jury, Bundy had fled from a policeman who stopped his car in Tallahassee. Said Simpson: "The defendant...
Lamm soon found out about the clout of the state highway commission, the citizens' associations, the building trades and local mayors looking for tax bases. What started as Lamm's crusading leadership shook down after almost two years into a political compromise: not an interstate, but a four-lane parkway, with limited interchanges. Compromise has become an increasing aspect of modern leadership...