Word: move
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Dates: during 1970-1979
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Even on a routine and relatively quiet day, the floor of the New York Stock Exchange is like an anthill that has been suddenly kicked open. Men in suits from Brooks Brothers and F.R. Tripler move briskly from booth to trading station, clutching slips of paper. Clerks in blue and tan cotton jackets flit about trying to keep up with orders. Messengers dart in and out of the trading area, while overhead, in symbols seemingly as cryptic as the writing that appeared on the walls of Belshazzar's palace, projectors display the quotations off the stock tapes...
JOSEPH PECHMAN: "Volcker is headed in the right direction," says the director of economic studies at Brookings. But Pechman fears the move will increase chances that the recession will be longer and deeper than expected. He says that "unemployment will hit 8% sooner than expected" and might go even higher. To curb inflation without pressing down too hard on the economy, Pechman wishes that the Carter Administration would institute a more vigorous wage-price policy to supplement the Federal Reserve moves. Says he: "We ought to try, somehow, to have business and labor moderate their price and wage demands...
...result of the Federal Reserve's actions. See story on page 3. For an explanation of the Fed's new approach to monetary policy, see page 7. In St. Louis, officers of the Federal Reserve Bank there were pleased because they had long advocated such a move. See story on page 6. In the nation's money markets, large certificates of deposit and other short-term instruments quickly matched the one-point rise in the discount rate. See story on page 2. Foreign-exchange traders, happy about the Fed's actions, sent the U.S. dollar...
...politically impossible for the West Germans-and even more so for us Belgians and the Dutch -to say that we are going to modernize our theater nuclear forces. I will not accept the risk. It would be to commit political suicide, and if people like me don't move, you can be sure that most other politicians won't move. I'm not going to budge until I have the cover of SALT...
...aircraft can determine the combat capability of the Soviet brigade on the island, it is the SR-71-the fastest, highest-flying and most elusive manned aircraft in existence. So fast does the sophisticated spy plane move that when a pilot starts a 180° turn over Cuba, he completes it halfway to Bermuda. By emitting ECM, or electronic countermeasure radio frequency signals, the Blackbird can efface its image from watching radar screens...