Word: michael
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Dates: during 1970-1979
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...either case, the increase has menacing consequences for the oil-burning world. It will further fan the inflation that is raging at double-digit fury in the U.S., Britain, France and Italy. U.S. Treasury Secretary Michael Blumenthal estimates that petroleum increases alone have so far this year jacked up the inflation rate by 2.5% in the industrial countries. A further $5.45-a-bbl. boost is likely to siphon an additional $80 billion a year out of the major industrial nations, reducing their citizens' ability to buy food, clothes, houses?indeed, everything except oil. Result: further slowing of growth rates that...
...Treasury Secretary Michael Blumenthal saw "some very nasty storm clouds" developing quickly as a result of the oil cartel's seeming insatiability for higher prices, while West German Chancellor Helmut Schmidt intoned about "great danger" ahead for all concerned, including the oil producers. The best hope that France's President Valery Giscard d'Estaing could offer anyone was that the industrial world could look forward to a prolonged period of "sober growth...
...saver should no longer subsidize the mortgage borrower. Under pressure from the Gray Panthers' senior citizens' lobby, the Administration has proposed the lifting of interest ceilings on savings deposits and has urged that all federally chartered savings banks offer interest-bearing checking accounts. Last week Treasury Secretary Michael Blumenthal endorsed Senate legislation to phase out ceilings over a ten-year period...
...Michael Shinagel, the director of the Summer School, is the man in charge. He is responsible more than anyone else for what you like and dislike about your stay here. In his forties, Shinagel is a former English professor, confessed sybarite, and moustache-sporter...
This summer marks the fourth year the school has recruited secondary school students, a move taken to offset a decline in enrollment dating back to the early '70s. Michael Shinagel, director of the Summer School, said he expects over 550 secondary school students to attend the school this summer. By far the largest groups of students come from New York, California, Massachusetts and New Jersey, but the group includes eight students from Iran, as well as students from Japan, Nicaragua, Greece, Italy, Korea, China, Taiwan, France, Venezuela, Canada and other countries...