Word: keeping
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Dates: during 1980-1989
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...Some say the Fed adopted monetarism and decided to target control of the nation's money supply in order to keep hands off interest rates and duck the inevitable political criticism as rates rose...
...have a catch, sort of. In exchange for the pay increase, it urges Congress to ban the lucrative speaking fees doled out by companies and lobbies interested in making friends on Capitol Hill. House members are allowed to pocket up to $26,850 in honorariums annually; Senators can keep $35,800. Last year Representatives took in an average of $12,000 in honorariums; for Senators, the median was $23,000. Skeptics warn that once the pay raise goes into effect, the pressure on Congress to do away with honorariums will inevitably tail...
...budget. "Congressional pay is 48% higher than it was in 1980, and now they say they deserve more," charges the consumer advocate. "Our power elite wants to be an economic elite as well." In a report last year, Nader noted that in 1988 Congress spent $1.97 billion just to keep itself going, $220 million more than the previous year...
Barbara's clothes are attractive, but she will never be known, as her predecessor was, by her designer affiliation. To keep from hyping Seventh Avenue, she broke with tradition and did not issue a press release about her Inaugural gown in advance, although details leaked...
...which offered $24 million for the entire school. Phillips' president, Robert Peck, refused. "Colleges are not bought and sold," he says. "We're not Quaker Oats." But he was under intense pressure to accept the offer from Enid's town fathers, who in March 1988 paid $14.3 million to keep the campus afloat, and now charge the university rent. As a compromise, Peck let Kyoto underwrite a summer program for up to 50 Japanese students...