Word: knowns
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Dates: during 1970-1979
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...figure on this week's cover was little known a month ago, but, says Washington Economic Correspondent William Blaylock, "last week he seemed to eclipse every other newsmaker in the capital." Indeed, by announcing a tough new set of monetary measures, Federal Reserve Board Chairman Paul A. Volcker grabbed international attention and sent stock and money markets reeling around the globe. This week's cover story, written by Associate Editor Christopher Byron, examines both the hectic financial events of last week and the bold "Volckernomic" policies that triggered them...
...requirement that 8% of any dollars acquired by banks from foreign sources for relending to borrowers in the U.S. be set aside and not loaned to anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing dramatically as a result of the rising cost of imported oil. Today they form a $600 billion money mountain in Europe as well as in the Caribbean and other offshore tax havens, where they have escaped the control of the Federal Reserve. In the past, when the Fed tried to curb...
...there was, in the Court, many great and famous knights, known throughout many lands for their play in tournaments, and their chivalry, and nobleness, and courage. Most of all, there was St. John of Burke, the eldest and wisest of all the knights. But St. John was downcast this day, and his heart was not with him. It had been claimed by another, a fair damsel now captured by the Green Meanies. And St. John had sought this maiden, fighting many a battle and slaying many a knight while chasing her. But he had been beaten in his last fight...
...King Joseph laughed. "Double slot left, split wing trap right. I-36, X-89 on four," Joseph said, for he spoke only a strange tongue that was not known in the land. But he was wise, or so they said...
Rockefeller was never known as an academic, but do his words ring true in the halls of ivy? Or rather, the stalls of ivy? Two days of vigorous investigation produced nothing on President Bok's lavatorial literary leanings. His secretary, however, allowed that the boss "definitely did not wish to respond" to such a query, and then she put in her two cents worth: "Personally," she scolded, "I think it's in very poor taste...