Word: interests
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Dates: during 1960-1969
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Milner's 'interest in the proverb began in 1955, when he flew to the South Pacific to compile the first Samoan dictionary since 1862. There he found a rigidly stratified culture that relied on the proverb as a guide through the thicket of social life. The Samoans had proverbs for every human exchange, says Milner: "To pay respect, to express pleasure, sympathy, regret, to make people laugh, to blame or criticize, to apologize, to insult, thank, cajole, ask a favor, say farewell." Intrigued, he collected thousands of these pithy sayings...
...alive. David could read the dictionary, and it would be light and frothy." The two men, while not close personally, have always meshed perfectly professionally. "We just sort of took each other as we were, and we still do," Brinkley says. "For one thing, neither of us has any interest in hogging...
...Patman two weeks ago, was an expected but more than usually hyperbolic condemnation of William McChesney Martin. At each of his 18 yearly appearances before congressional committees, Martin has been routinely scourged for his chairmanship of the Federal Reserve Board, which Populist Patman blames for tight money and high interest rates. This year Patman has plenty of company. More critics than ever, ranging from academe to the new Administration, are taking aim at the nation's central bank...
...Federal Reserve is one of Washington's most powerful but least understood agencies; it treasures its independence from President, political parties and pressure groups. Martin and the six other governors of the Federal Reserve manipulate the levers that control the nation's money supply and interest rates. Today, as a result of their actions, money is tight and costlier to borrow than at any time since the Civil War. To their distaste, bankers have to turn down customers seeking loans; businessmen have to put off some projects because credit is so expensive; brokers watch helplessly as investors shift...
...erratic and clumsy attempts at monetary "fine tuning." Even some of the Federal Reserve System's twelve regional banks have been resisting the board. Last week the New York Federal Reserve Bank reported that its officers had disagreed with board policy all through 1968, usually favoring even higher interest rates than the board voted. Some White House economists and many bankers argue that the board's autonomy must be ended...