Word: higher
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Dates: during 1970-1979
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...that Smith has long since lost sight of Rhodesian reality. Reported one U.S. diplomat who sat in on last week's sessions with Vance: "Smith maintains that everything is just fine, as though it could go on forever, even though his casualty rates, emigration and capital outflow are higher than ever. Our concern is that if Smith stays firm on the internal settlement, it is a recipe for disaster...
...civility, as they frequently do. Nobody questions their right to behave as they do, and even critics who recall with distaste the triumph of the zealous temperance crusade that, in 1919, got the Prohibition amendment passed could cite occasions when dedicated dissident groups have served the nation's higher interests admirably. Indeed, today's factional enthusiasm is usually tracked to two such instances: the civil rights movement and the anti-Viet Nam War movement...
...highest level ever. A key motive for the Federal Reserve's money moves has been to halt a sharp and inflationary increase in the money supply. Also, the Fed is trying to forestall further dumping of the dollar on foreign markets; lower inflation and higher U.S. interest rates should make greenbacks more attractive to hold...
...remained robust. That is one reason the money supply has expanded at an annual rate of 11.3% in the past two months, well ahead of the Reserve's target limit of 6.5%. Nor has the dollar shown any appreciable signs of strengthening. Thus many experts believe that even higher interest rates are on the way, even though Reserve Chairman William Miller has said that borrowing costs are at or near their peaks. Henry Kaufman, a top money analyst at Salomon Brothers, believes the prime rate could be as high as 12% in 1979. Economist Allen Sinai of Data Resources...
...salary of $22,900, and much, much more later on - that workers will rebel, Feldstein feels. He predicts: "Union people will be saying 'Don't raise our taxes. Let us keep our money. Let us invest it in private pensions, in which we can get a higher return.' " And that, says Feldstein, will add tremendously to capital formation...