Word: marketeers
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Dates: during 1970-1979
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...Smith was furloughed. His wife Phyllis, 43, a tall brunette with fashionably frizzed hair, carried the family finances with her job as a district manager for Avon. Smith began doing the family cooking. He also kept busy taking his motor home to auctions, picking up stuff for the flea market. He and Phyllis spent a lot of time working on a rambling clapboard house they bought in Shawnee...
...City ($199 from Los Angeles), but the bargain stops there. Only stylites, vegetarians and teetotalers are likely to find affordable food and lodging in the capital these days (though first-rate theater tickets cost $10 or less). The answer is to take off for the incomparable countryside, its glowing market towns and villages, cathedrals, festivals?and friendly inns, pubs and restaurants...
...born, the land was still good," he says. "There were trees and grass. Now there are just a few trees. We have used them for houses and firewood. We used to feed a family from one acre and sell what we grew on the other five acres in the market. Now it takes five acres to feed a family, and the remaining land does not produce enough to buy clothing. There are many places that are empty. If we have our own country, we can spread people everywhere instead of heaping them together...
...differences were felt most keenly last week at the monthly meeting of the Federal Reserve Board's Open Market Committee, which determines the pace of money growth and interest rates. The 17 members, seated around a 30-ft. mahogany table in the room where some of the most secret plans of World War II were drawn up, faced an exquisitely difficult choice. They had to decide whether to further tighten credit and raise interest rates, thus taking the risk of tipping the nation into recession, or to maintain rates at their present levels, which might worsen inflation. Their deliberations will...
...wage and price guidelines to hold." Since President Carter has ruled out mandatory controls, the only other policy choice, in the view of White House advisers, is to raise interest rates. Leaks to the press and other pressures on Miller to tighten money became so obvious before the Open Market Committee meeting that Carter sent notes to Blumenthal and Schultze telling them to stop it. The President did not necessarily oppose the Fed's raising interest rates, but he did not want the voters to blame him for it. Said a White House staff member: "There was a feeling that...