Word: interventionism
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Dates: during 1980-1989
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No First Lady ever brags of moments when her intervention changed the course of events. But surely these moments occur. A First Lady is at least half of every presidency and on some days more.
Such intervention went against the Administration's free-market philosophy, but regulators feared the stability of the entire financial system was in jeopardy. Said one top Federal Reserve official: "We did not know what would happen if we didn't rescue Continental. We could not take the risk." When Continental...
For Grenada, election day 1984 dawned as a tropical idyl: clear skies and sunshine, with brief spells of rain to break the sultry Caribbean heat. The splendid morning weather helped make a large turnout seem as inevitable as the arrival of the winter cruise ships in St. George's...
The only real precedent for a federal intervention is Congress's decision in 1972 to pay 80% of the ruinous cost of kidney transplants and dialysis for anyone whose kidneys fail. Congress expected to pay nearly $140 million for 5,000 to 7,000 dialysis patients. The first year's...
At the State Department and the Pentagon, those sentiments were stated more sharply. Even as U.S. officials repeatedly denied any aggressive intentions toward Nicaragua, they continued to issue stern warnings about the Central American republic's military buildup, especially the possible acquisition by the Sandinistas of high-performance Soviet...