Word: high
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Dates: during 1970-1979
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...practice, this policy means a dedication to high interest rates, even as the clouds of a recession loom. Said Volcker last week: "I don't think recessions in and of themselves are ever a great thing, but I don't think you just inflate yourself out of a recession either." Twice this spring, at Federal Reserve System policy meetings, Volcker voted in the minority, against Chairman Miller, in favor of raising interest rates. By appointing him, Carter appears to be giving a sign that he will not dilute his anti-inflationary policies in order to stop an election...
...type to compromise on important principles. The reports of his political demise were premature. Ten years after he stood up to Davis, Landrieu built a coalition of black and upper-middle-class white voters and was elected mayor of his native New Orleans. He appointed blacks to high-level city jobs and, up until his very last days in office, continued to pressure the city's business elite tobe more responsive to the black community and to the area's economic and social needs...
...Bundy, 32, swiveled in his chair and stared intently at the jury of seven men and five women. He was accused in a seven-count indictment of murdering two Florida State University coeds and attempting to murder three others in January 1978. "Guilty," read Clerk Shirley Lewis in a high-pitched monotone. Then she repeated the verdict six more times...
North Carolina Governor Jim Hunt succeeded in pushing through a mandatory minimal competency test for high school graduation?normally one of those awful contests between reflexive liberals, who oppose standardized testing as unfair, and the Marines of morality, who want everyone to shape up. Strongly opposed by some blacks and teachers, Hunt tried to persuade the state that he did not wish to punish anyone but simply wanted to establish some basic levels of competence in education. When simple persuasion did not work, Hunt tried
...traditional arm twisting: dangling teacher salary increases, calling in campaign debts. Eventually he brought it off with remarkable success both for himself and his high school seniors...