Word: matter
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Dates: during 1970-1979
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...that of lyric: a sequence of expressive meditations, a personal dream-world made vivid in the ephemeral moment. Like the shapes in a dreaming mind, the dancers echo a single identity. All save the one man are dressed exactly alike in flowering tulle, and their interaction is a matter of motion, not of differing feelings. No sexual tension develops in the male-female pas de deux...
...simplest way for the Federal Reserve to control money supply would be to feed a predetermined quantity of reserves into the banking system, turn a deaf ear to pleas that it shovel in more, no matter how intense the demand for loans becomes, and let interest rates go wherever the market takes them. The board has traditionally resisted that approach out of fear that an abrupt crackdown in an inflationary economy would cause interest rates to leap up so violently as to produce financial chaos. Miller has said that if the board had tried that strategy in 1974 the prime...
...feeding less money into the banks than people want to borrow from them, an effort in which Miller will need Carter's full support. Though the board runs its own show on interest rates and money supply and is not subject to presidential orders, as a practical matter it must try to coordinate its policy with that of the Administration...
...large number of economists, however, feel that a recession is destined no matter what the Administration may do. "There is no such thing as an uninterrupted period of expansion," says James H. Lorie, a professor of business administration at the University of Chicago. "The current expansion is 3½ years old. So it's past middle age. A downturn has got to be next." Some observers feel that it would be better to have a recession sooner rather than later. Says Washington University's Murray Weidenbaum, also a member of TIME'S Board of Economists...
...person complained, apparently because of a postscript in which Smith offered membership forms for the Veterans of Foreign Wars. What he did was illegal, and superiors warned that he could be fined $300. Smith has offered to pay $60 in postage to end the matter. Meanwhile, he is obeying the law and making sure that others do so too: he is removing all papers that other people, including politicians, place in mailboxes without postage...