Word: ifs
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Dates: during 1970-1979
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It appears that in the Rev. Jerry Falwell we might have a potential "Christian Khomeini" on our hands. If Mr. Falwell's philosophy were to prevail, what would happen to teachers, preachers and politicians whose points of view differ from his? What would become of schools and textbooks not...
If comparisons are to be made between Harry Truman and Jimmy Carter, it can be said that both were businessmen, Christians and unpopular in polls. Truman gets more popular and more quotable each year among people who didn't vote for him or wouldn't have.
As if to underscore their approval, investors in London promptly chopped a sharp $13 off the price of gold; during the preceding weeks it had climbed by more than $100 to hit a momentary alltime high of $447 an ounce before settling back to about $385 at the beginning of...
The Fed's change of strategy had been in the works since Sept. 29. On that date, Volcker and Treasury Secretary Miller met with their West German counterparts and Chancellor Helmut Schmidt in Hamburg as part of a series of continuing huddles that grew out of the now faltering dollar...
One considerable danger is the threat of an outright credit crunch. That would occur if the Federal Reserve's tightening up of money, and the resulting rise in interest rates, reach such levels that borrowers found it impossible to get money on almost any terms. Such a squeeze occurred in...