Word: pointedness
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Foreign-exchange traders were also responding last week to congressional testimony by Federal Reserve Board Chairman Paul Volcker. He announced that Fed policy will continue to be "accommodative," allowing the money supply to grow. That could translate, traders calculated, into still lower interest rates, which would make it less attractive...
That was the bittersweet assessment of TIME's European Board of Economists at its meeting in the Swiss banking center of Zurich. Hans Mast, a University of Zurich lecturer and executive vice president of Crédit Suisse, pointed to Western Europe's estimated trade surplus of $25 billion this year...
A year later Fisher called on the services of Eugene Lyon. He had been researching a doctoral thesis on the historical Spanish presence in Florida at the government archives in Seville, Spain, where Fisher was a frequent visitor. After poring over 50,000 pages of worm-eaten documents, Lyon turned...
When a draft agreement containing these radical reforms was presented to the union's leaders in early July, they found it too much to swallow in one gulp. Peter Kelly, head of U.A.W. Local 160, in Warren, Mich., said that the plan "could lead to the demise of the U...
Ruth has astounded the faculty at St. Hugh's with the range of her intellect and the ease with which she masters subjects. In one seminar, while other students were struggling with a complex theorem that an academician was elaborating on a blackboard, Lawrence pointed out an error that the...