Word: high
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...wasn't he? When Michele Sindona, 59, Italy's notorious fallen angel of high finance, was first reported kidnaped from a Manhattan street two months ago, Italians as well as U.S. authorities were skeptical. Most believed that the native Sicilian had arranged his own disappearance. After all, he was about to stand trial in New York City on a 99-count indictment of financial finagling, and was wanted in Milan on charges of bank fraud totaling $225 million...
...even the populist Carter Administration has backed Volcker's high-interest policy. Yet banks have had plenty of money to lend anyway-perhaps too much. In the past month, the money supply has grown at an annual rate of 11.5%. Beryl Sprinkel, executive vice president of Chicago's Harris Bank, argues that this "hemorrhaging" must be stanched if inflation is ever to be curbed...
...innovations, such as money market certificates and mortgage-backed securities, that are designed to keep banks and thrift institutions flush with funds for home loans. Says Okun: "Money is easy but expensive, and nobody is saying no to any borrower. They're saying, 'The price is high. Won't you take...
...board members that stringent fiscal and monetary policies alone can work again. He predicts that if a firm hand is kept on the economy and the political leaders avoid the temptation to stimulate growth just to get elected, inflation will decline to perhaps 6% in 1981. No matter how high the cost of curbing the price plague, concludes Greenspan, some unpleasant medicine taken now will be less painful than other, tougher remedies forced upon the nation in the future. Says he: "The costs will be even more intolerable the longer we wait to come to grips with this problem...
...rush to tangibles, including art and antiques as well as metals, reflects the spreading distrust of nearly all currencies after a decade of high inflation. People would rather bank what wealth they have in commodities and collectibles with intrinsic value that they can see and feel...