Word: lowered
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Dates: during 1980-1989
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Simon, one of six Democrats contending for the party's nomination, said he would reduce defense spending, create new jobs and lower the interest rate as part of his drive for a balanced budget. He said that at the same time it would still be possible to create new social programs, including a $5 billion jobs program and major education initiatives...
...events of the last few weeks have altered the conditions under which we compete," said Rittereiser. "Prudence requires that we pursue this course." The most likely buyer may be Shearson Lehman Bros., which offered some $1.6 billion for Hutton a year ago. Now the price may be much lower: an estimated $1 billion. Several other firms, among them Dean Witter and Merrill Lynch, are said to be talking with Hutton. One possibility is that the company's departments will be sold separately. These days, when potential bidders talk deals, it is E.F. Hutton that is doing the listening...
Greider is especially tough on Paul Volcker, chairman from 1979 until this year, for bringing inflation down much too fast. Under Volcker, writes Greider, the "Federal Reserve was determined to drive the rate of inflation lower and lower, regardless of other consequences." The consequences, in Greider's opinion, were an unnecessarily severe recession in the early 1980s, a huge trade deficit and the debt burdens that still plague the economy...
...remains prestigious, but its politics are discouraging some of the University's most creative directors even from applying for space. Mark Prascak '89, the director of last spring's inventive adaptation of Strindberg's A Dream Play in the Adams House Lower Common Room, says he's been told by the HRDC that he is "too experimental for the Experimental." He has applied twice--and been turned down twice...
...newspaper Borba and other publications linked him to the scandal. Agrokomerc Chief Executive Fikret Abdic is in jail awaiting trial. At least six top Communist officials in Bosnia-Herzegovina resigned from their posts or were expelled from the party as a result of the scandal, along with dozens of lower-ranking figures. The ousters represented one of the few instances in which the press and public opinion have altered the power structure of a Communist East European regime...