Word: level
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Dates: during 1960-1969
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...stock exchanges had closed for the three-day Easter weekend, the board moved on two fronts. First, it raised the discount rate (the interest that banks pay for the money they borrow) from 5½% to 6%. The increase, second in four months, brought the rate to its highest level since the 1929 crash. To make money more scarce as well as more costly, the board also increased the amount of cash that banks are required to keep in reserve. In effect, the board "froze" some $650 million in lendable funds, which translates into a withdrawal of more than...
...pourers have been thwarted on dam projects before, but rarely-if ever-on such ecological and esthetic grounds. What rescued the Red River Gorge was frenzied activity by the Sierra Club and the Audubon Society, an outpouring of statements by Kentucky biologists, and most important, intervention by some high-level Republicans, including Governor Louie Nunn, Senator John Sherman Cooper and President Richard Nixon...
...children by a previous marriage on a farm in Bennington, Vt. His latest oils, shown at Manhattan's Stable Gallery this winter, also show a new, monumental serenity. Raffael now likes statelier themes: an Egyptian bust, a gem-encrusted crown, raised to a magical, almost religious level by his extraordinarily vibrant brushwork and imaginative palette. "I'm withdrawing a bit," he says, "searching for what archaeologists call 'a find,' for the jewels we can dig out of us." His Salmon is such a precious relic-a dying fish preserved by the artist's reverent brush...
...Rent rises in University owned apartments be rolled back to the level of January...
...Roll back rents in Harvard University-owned buildings to the level of January...