Word: lowered
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Dates: during 1980-1989
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...tounfair medical practices, such as inconsistentfees for the same illness. In studies he conductedin Massachusetts, residents of Fairhaven,Fitchburg and Framingham were 15 times more likelyto have their tonsils removed than residents ofother areas of the state where antibiotics wereused to treat tonsilitis at a far lower cost, hesaid...
...first the skirmish prompted a bit of anxiety among moneymen, especially when Seger declared that the board was no longer Volcker's "one-man show." Financiers feared that the Reagan appointees might lower the Federal Reserve's guard against inflation and bend too much to the Administration's eagerness to expand the economy. Said Norman Robertson, chief economist at Pittsburgh's Mellon Bank: "Any pretense of the Fed being nonpolitical is now gone...
...inflation and political pressure. Last week the Federal Reserve Board chairman came out on top again, this time in a policy struggle with his colleagues on the board. Early in the week it was revealed that the group had outvoted him 4 to 3 on a key decision to lower interest rates, an indicator that Volcker's control over the board might be slipping. But only a few days later Volcker's most powerful sparring mate on the board, Vice Chairman Preston Martin, who has made no secret of his desire to succeed the chairman, suddenly announced plans to resign...
...board assembled again at its dark mahogany table and suspended the rate cut so that Volcker could have more time to confer with foreign officials. Less than two weeks later, after West Germany and other countries had reduced their interest charges, the board unanimously voted to lower the discount rate...
...time is June 1949, and the place is Chicago's South Side. The characters are the combative, loving members of a middle-class family who are barely hanging on; a strong wind could blow them into the lower class. The issues being debated, mostly over meals, are whether the father (Ed Harris) should take a job out of town, whether the elder son (William O'Leary) should go to college or start adult life, and whether the younger (Anthony Rapp), a child actor, should enter an elite high school or embark on a national tour. (In one of Playwright Furth...