Word: marche
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Dates: during 1970-1979
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...story on G. William Miller, George Taber, our Washington economic correspondent, had collected some intriguing gossip and opinion about the unbankerly new Federal Reserve Board chief. Most of it squared with the impression that Taber had got during his first meeting with Miller, just after he took office in March. "It was disarming," he recalls. "He was running around the solemn corridors of the Fed with his coat off, tossing out ideas on fighting inflation and otherwise behaving unlike the typical wary central banker...
Schmidt is likely to be an equally loquacious host in Bonn. Strengthened by the results of last March's parliamentary elections, French President Valéry Giscard d'Estaing also has been exercising more clout. The team of Schmidt and Giscard, in fact, has raised worries among the others about an emerging "EC directorate" composed of the Community's two most powerful members...
That may sound less like optimism than Pollyannaism. So far this year inflation has exploded. From March through May, it averaged 11.3% at an annual rate, one of the worst three-month performances ever. Though no one expects the surge to remain that bad, the Carter Administration last week forecast a 7.2% rise for the full year, and some economists expect an 8% increase...
...Washington, D.C., organizers of Sunday's pro-Equal Rights Amendment (ERA) march, which drew 100,000 heavily-recruited supporters, were making their final preparations for the rally to save their endangered legislation. The ratification deadline for the bill falls next March, and it is highly unlikely that the necessary three more states will approve the amendment before then. Illinois failed last month after three increasingly futile and bitter attempts; several months ago Kentucky rescinded its approval, as did South Carolina. Failing the necessary 38 states, pro-ERA factions are pursuing a bill in Congress that would extend the deadline until...
...same time, the cost of money ticked upward, reflecting both high demand for funds by business and the Federal Reserve Board's determination to try to hold down prices by curbing the growth of the money supply, which has been expanding rapidly since March. The Fed once again raised (to 7¼%) the discount rate, which is the interest it charges on loans to Federal Reserve system banks. Meanwhile, several large banks, led by New York's Citibank, raised their prime lending rate for top corporations by a quarter percentage point, to 9%, the second such increase...