Word: interest
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Dates: during 1970-1979
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Volcker's years of toil in the world of interest and exchange rates-he is currently president of the New York Federal Reserve Bank-have made him a comfortable member of the international monetary club, unlike Miller, who was little known in the world's money markets when appointed. Financier Robert Roosa says of Volcker, "There's nobody in the world of international finance that he doesn't know." When Volcker used the word discipline a dozen times in his short press conference last week to describe his view of proper Federal Reserve policies, the international...
Within the past year, Kriangsak has responded to invitations from Washington, Moscow and Peking by making official visits to all three capitals. The interest in Thailand shown by the superpowers goes well beyond their concern to have amicable diplomatic relations with Bangkok. It is a tacit admission that turmoil in Southeast Asia could be as great a threat to the peace and stability of the world as a crisis in the Middle East...
...boat. So they retired to Schweitzer's Pacific Palisades garage and built a craft that combined the best and avoided the worst of both. After selling a few models to friends, Schweitzer left his job as vice president of a computer service firm, bought out Drake's interest and founded Windsurfing International Inc. Today the firm employs 80 at its Marina Del Rey factory and will turn out 12,000 boards this year. There are a wider, more stable version for kids and beginners ($595), the standard model ($745) and the "Rocket," with foot straps for better control...
...chance to win bold action on long-range plans. That sense of crisis is ebbing rapidly, and gasoline lines are shortening drastically as a result of Saudi Arabia's decision to increase crude production. The less the feeling of urgency, the greater the opportunity for quarreling special interest groups to pick the program apart...
...report warns that any tinkering with the economy-such as a tax cut in the U.S. or further increases in West German interest rates-will only make the situation worse, and it advises policymakers to sit tight. Their main priority, the OECD advises, should be to reduce oil imports. Says John Fay, head of the OECD's economic department: "We have a long road of rather slow growth ahead...