Word: looms
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...practice, this policy means a dedication to high interest rates, even as the clouds of a recession loom. Said Volcker last week: "I don't think recessions in and of themselves are ever a great thing, but I don't think you just inflate yourself out of a recession either." Twice this spring, at Federal Reserve System policy meetings, Volcker voted in the minority, against Chairman Miller, in favor of raising interest rates. By appointing him, Carter appears to be giving a sign that he will not dilute his anti-inflationary policies in order to stop an election...
Financial problems also loom, especially for the developing nations. They have already run up some $220 billion in debts since oil prices began climbing almost six years ago, and the latest rises could add some $6 billion more to the burden by year's end. Fears are growing of defaults that would shake the private Western banks that have done much of the lending. Turkey, Sudan, Bolivia, Zaire, Zambia, Jamaica and other countries are in trouble...
...still a little early to get excited about the heavies' chances to cop the Eastern title that has been missing from Weld since 1975. The Yale women loom as the crew to beat, and the victory won't come easily...
During the past 30 years, Israel and Egypt have waged war. For the past 16 months, these two great nations have waged peace. Today we celebrate a victory-not of a bloody military campaign, but of an inspiring peace campaign. Two leaders who will loom large in the history of nations, President Anwar Sadat and Prime Minister Menachem Begin, have conducted this campaign with all the courage, tenacity, brilliance and inspiration of any generals who ever led men and machines onto the field of battle...
Unless Reagan falters from fatigue in the 35-state primary siege that lies ahead, the age issue may not loom large. On ideology, Reagan and Connally have both staked out similar conservative positions. Reagan may be handicapped most by having lost last time. Connally's biggest liability remains the fact that he was once a Democrat and was once close to Nixon. In addition, although he was found innocent in 1975 of accepting $10,000 in bribes from dairymen, there was little doubt that he had helped them get higher price supports in the hope, if not a pledge...