Word: leveler
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Dates: during 1970-1979
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...leap up so violently as to produce financial chaos. Miller has said that if the board had tried that strategy in 1974 the prime rate would have hit 20%, and "as a former businessman [he was chairman of Textron at the time] I can tell you that such a level of rates would have
...close call. Real gross national product?output of goods and services, discounted for inflation?is rising about 4% this year. The Administration's 1979 target is 3%, a rate that would keep inflation from getting worse but might not be enough to prevent unemployment from rising above its October level of 5.8% (down slightly from 6% in September). Privately, however, Administration officials indicate that they would accept a growth rate of 2%, which would certainly mean more unemployment, even though the U.S. would probably not technically be in a recession...
During her regime, the Panthers pursued a number of social enterprises that had been started under Newton. They founded and still operate the Oakland Community School, which provides high-level education to 150 ghetto kids. There was and is a program that helps old people to go out shopping and another that provides school lunches. One Panther program offers dances for teen-agers and training in martial arts. Says Oakland County Supervisor John George: "Huey could take street-gang types and give them a social consciousness...
...Johnny called me and said, 'Why don't you come over and give me a hand?' " So said former Ford President Lee Iacocca last week, talking about how he had just made one of the most spectacular moves in Detroit's long history of high-level executive swapping. Iacocca was appearing at a press conference in the Highland Park, Mich., headquarters of his new employer with his new boss, Chrysler Chairman John J. Riccardo, whom almost no one ever calls Johnny. But Riccardo did not seem to mind the unaccustomed familiarity. Speaking of the man just...
...year right up to the moment of withdrawal. But banks that offer the service can charge steep fees, sometimes as much as 25? for every check written, plus a monthly service fee that may be as high as $5 if the savings balance drops below a preset level. Thus PAT accounts may be profitable only for depositors who write few checks and can maintain a balance of close...