Word: gets
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Dates: during 1970-1979
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BERYL SPRINKEL: "I'm delighted," says Sprinkel, executive vice president of Chicago's Harris Bank. "The Fed's actions greatly increase the odds of getting inflation under control in the longer run." Sprinkel has long argued that the old policy of trying to control the money supply by fine-tuning key interest rates often forced the board to pump more funds into the economy than it wanted to, thus aggravating inflation. "Now that they are focusing on central control of [banking] reserves," he says, "and assuming they follow through, I think it assures that we are going...
...putting the package together. Work on the building started 14 months behind schedule. Meanwhile, the interest rate on Deane's loan has been going up and up; last week it reached 17.75%. The people who had been assured of mortgage loans are no longer certain that they can get them, or afford them, at the new rates. The space he hopes to sell has risen by as much as 50% in value over the past two years, but the costs of sitting on 56,000 sq. ft. of a largely unoccupied building have eroded his potential profit when...
...mobile missile system in Nevada and Utah. He agreed that the Governors should have veto power over where synfuel plants are to be placed in their states, that a Westerner should sit on the proposed Energy Security Corporation if Congress approves its creation, and that the states should get federal help if large numbers of either synfuel or missile construction workers should flood particular localities...
...good for the 1980 nomination; the March primary will determine that. Yet the practical irrelevance of the exercise did not keep the forces of President Carter or Senator Edward Kennedy from spending extravagantly. "Florida for Kennedy" will have laid out $175,000, Carter $250,000. What they hoped to get in return was nothing more tangible than a post position and morning-after headlines. As one Florida official accurately described it, "Image becomes substance...
Unwisely, Kennedy's fervent backers started out by making farfetched predictions of outright victory. But they steadily deflated those claims until, by last week, the chastened draft organizer, Sergio Bendixen, ventured: "We're hanging in there. We'll get...