Word: manuel
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...will succeed Paul Volcker as chairman of the Federal Reserve Board when his term expires next year? A new front runner may have emerged last week when the President nominated Manuel Johnson, 37, a Fed member for only three months, to be vice chairman of the board, replacing Preston Martin, who resigned in April. Reagan also named a new board member: Bank of America Economist H. Robert Heller...
Desperate situations sometimes inspire daring solutions. Faced with a projected budget deficit of $17 million but unwilling to raise taxes, Belize's Prime Minister Manuel Esquivel has settled on a scheme to sell bonds on the international market that will bear an unusual dividend: the right of the buyer to become a citizen of his poor but peaceful Central American country...
...maintaining relatively tight credit to keep inflation at bay. The Volckerites held sway over two members appointed by President Reagan --Martin and Martha Seger--who often wanted to push the economy faster. But in January Reagan named two more members: Wayne Angell, a Kansas banker and economics professor, and Manuel Johnson, a former Assistant Treasury Secretary. That put the Reagan appointees, whom economists dubbed the "Gang of Four," in the majority...
Gonzalez will get little help from his pro-NATO parliamentary opponents, led by Manuel Fraga Iribarne of the Popular Alliance Party. Fraga has seized on the issue as a way to embarrass the Socialists and has urged his followers to abstain. But last week a prominent member of the Popular Alliance, Maria Fernandez Espana, resigned, saying that the party's policy was "dangerous...
...major piece of judicial business facing the President will be a new inquiry into the murder of her husband, Benigno Aquino Jr., who was killed as he stepped off a plane at Manila International Airport in 1983. Apparently emboldened by Marcos' departure, Manuel Herrera, a prosecutor in the ombudsman's office of the graft and corruption court, came forward last week with fresh details about the case. General Fabian Ver, Marcos' Chief of Staff, and 25 other defendants were charged with conspiracy in the assassination. Herrera recalled a meeting with Marcos before the trial began in which the former President...