Word: itness
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Dates: during 1960-1969
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Married. The Rev. Daniel McLellan, 53, Denver-born Roman Catholic missionary priest, who while on assignment in Peru in 1960 pioneered a savings and loan association, Mutual El Pueblo, for impoverished peasants, then built it into a $14 million concern; and Ada Chirinos, 28, his Peruvian secretary; in a civil...
Died. Ole Singstad, 87, master tunnel builder; in Manhattan. Beginning with New York's Holland Tunnel in 1927, the Norwegian-born Singstad designed and built dozens of underwater highways, including New York's Lincoln and Brooklyn Battery tunnels, and the 1¾-mile Baltimore Harbor Tunnel. What made...
Friedman, a 57-year-old economics professor at the University of Chicago, is still regarded by critics as a pixie or a pest, but he has reached the scholar's pinnacle: leadership of a whole school of economic thought. It is called the "Chicago school," and its growing band of...
In Friedman's monetarist view of economics, the chief instrument for controlling movements of the economy is the seven-man Federal Reserve Board. For months, the board has been following a tight-money policy of unusual severity. A year ago, it began to hold back the growth of the money...
Because money is so potent, he contends that the board should allow the supply to expand at a fairly constant rate of about 5% a year, in line with the long-term growth rate of the nation's production of goods and services. Last week the Federal Reserve issued some...