Word: meltzer
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Dates: during 1980-1989
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...They say the movie stars used to live here in the '20s," says Douglas Meltzer, 59, a former aircraft worker and a long time Hollywood resident who is out for a morning stroll. Meltzer's father came to Los Angeles to play violin in the orchestra of the Million Dollar Theater, another of Showman Sid Grauman's grandiose palaces. Meltzer, an earnest man with bushy eyebrows, wispy white hair and a chuckle for punctuation, remembers the Hollywood he knew then...
...Yeah, it's changed a lot," muses Meltzer. "As recently as ten years ago, there was a cafeteria on Vine Street, next to a theater where there were a lot of these television shows. You'd see people like Danny Thomas and Milton Berle. But those are the people who wouldn't be caught dead around here any more...
Such monetarists as the University of Rochester's Karl Brunner and Carnegie-Mellon's Allan Meltzer, who believe that excessive money growth is the main cause of inflation, argue that the Reserve Board is still paying too much attention to interest rates and has reneged on its promise to level off the expansion of money. And many economists in Europe, where confidence in the dollar is crucial, join in the critique. Grumbles Kurt Richebacher, the chief economist of West Germany's Dresdner Bank: "The volatility of the U.S. money supply is not just awful...
...Gulve, a San Diego financial consultant whose clients gave Meltzer $55,000, told TIME that Meltzer did introduce him to two supposed sons of the sheik in Florida. One was called Prince Ali Ben Ramon, a light-skinned man who spoke with an Oxford accent and drove a Rolls-Royce. The other was Mustafa, a much swarthier man who drove a red Mercedes. Gulve also spoke on the phone to someone who identified himself as Sheik Rahman, and found his accent decidedly Eastern. Says Gulve: "I told him that if he was the sheik, he must own all of Brooklyn...
...businessmen complained to the FBI, and the bureau's San Diego office dutifully began an investigation. It was stopped on orders from the New York City FBI officials supervising the Abscam operation, who feared that any talk about Meltzer would blow the bigger sting. Not until last October was the FBI's information on Meltzer turned over to the U.S. Attorney in San Diego...