Word: fund
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Dates: during 1970-1979
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THIS WEEK, Harvard will embark on the latest and largest of its fund-raising ventures, a colossal campaign to raise $250 million over five years that officials say is their last recourse to fight inflation. As the campaign charges across the nation, moving from east coast to west, and from big donors to small, it will be easy to sit back and watch the money roll into Harvard's coffers...
During the next five years of the capital campaign, faculty members, students and officials should not be so dazzled by impressive fund-raising efforts that they fail to watch the incoming money closely. Administrators must make sure the $250 million does not sink into Harvard's endowment without a trace. Students should watch to ensure that some of it helps moderate future tuition rises...
...world jumped, in different directions. International financiers praised Volcker's move; after all, he announced the policy immediately after returning from an International Monetary Fund conference in Belgrade, where those same financiers had most likely given him a pep talk for such a program. Stock market investors ran scared, seeing only the deepening recession Volcker's plan would induce. Liberal politicians didn't like this talk of lowering the standard of living for the sake of such unromantic concepts as "managing the money aggregates." Bankers, who had always looked to the Fed as a bellwether for interest rates, were...
Dean Johnson, president of the Harvard Square Defense Fund, says the draft EIR is "very inadequate," adding that he fears "the air pollution impact is going to be very, very severe...
...during that meeting, reports TIME Washington Correspondent William Blaylock, that Volcker decided nothing short of decisive action would do: "Upon Volcker's return to Washington, following a brief appearance at an International Monetary Fund conference in Belgrade, he immediately instructed his staff to draw up a list of options open to the Fed. The short-term goal would be to prevent a further dollar slide abroad, but long term the objective would be to puncture the inflation psychology of the nation as a whole. As many as 20 staffers were ultimately involved in the brain-storming sessions, and economists from...