Word: owned
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Dates: during 1970-1979
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The Fed's change of strategy had been in the works since Sept. 29. On that date, Volcker and Treasury Secretary Miller met with their West German counterparts and Chancellor Helmut Schmidt in Hamburg as part of a series of continuing huddles that grew out of the now faltering dollar...
Wall Street is also safer today because, in the aftermath of the Crash, the Government moved to outlaw some of the abuses that permitted the 1929 bubble. Fifty years ago, a buyer had to put down only 10% of his own money to get a stock; he could use credit...
OTTO ECKSTEIN: "The Federal Reserve is taking a tremendous gamble with the economy, that they will succeed in licking inflation without creating another recession as deep as 1974," says Eckstein, a master of computerized forecasting who runs his own company. "They are finally jamming on the brakes, having done too...
In a rare display of solidarity, members of the North Atlantic Treaty Organization are conducting one of the most intensive lobbying efforts in the 30-year history of the alliance. Their collective aim: to persuade the U.S. Senate to ratify the Strategic Arms Limitation Treaty with the Soviet Union, a...
Though the Carter Administration lad earlier claimed that SALT should be judged on its own merits, the White House was clearly linking the pact to NATO concerns last week. If the treaty is rejected, Administration spokesmen declared, Western Europe might face the breakdown of NATO and eventual "Finlandization," as its...