Word: higher
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Dates: during 1970-1979
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...company also agreed to a set of percentage hiring goals in various job categories for women and minorities, plus substantial promotions of both groups to higher-paying craft and managerial positions. Under the program, minority managers did increase from 4.6% in 1972 to 8.7% in 1977, and the number of women in middle and upper management rose from 8.8% to 16%. The total number of minority employees grew by 21,000-while AT&T's total work force declined by 27,000 because of an unfavorable business climate during this five-year period...
Joan Baez, songstress and protester, after meeting Nobel Laureate Andrei Sakharov in Moscow: "He is paying a much higher price for his dissenting views than I ever had to pay for mine...
...their bank accounts. The checks become new money, available to be loaned out. When the Fed sells Government securities, it withdraws money from circulation; the buyers pay with checks that disappear into Federal Reserve vaults, never more to be seen. The less money that banks have to lend, the higher interest rates will rise. The FOMC focuses on the Fed funds rate at which banks lend to each other, targeting its buying and selling to push up or pull down that rate to a desired level. The Fed funds rate influences all other interest rates...
...because loan demand in the year's second quarter was exceptionally strong. But M2, which is currency plus checking accounts and most time deposits in banks, grew at 8.3% in the second quarter, more slowly than Miller wants. A possible reason: investors have been switching from time deposits to higher-yielding short-term securities, like Treasury bills...
Until that day, however, the cost of anchors will probably soar even higher, if only because both anchors and their bosses know that stations can afford it. "Obviously there's a limit to what we can pay, but we haven't hit that limit yet," admits WNBC's Fein. WABC's Roger Grimsby may reach $300,000 when his new contract is signed this year, and Station Manager Nelson of WBBM predicts that salaries of top anchors will hit $500,000 within the next five years. Says one KNBC newsman: "Remember when you were...