Word: points
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Dates: during 1970-1979
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...hard-liner on interest rates. Since he took charge on Aug. 6, the key rates used to manipulate credit policy have shot up dramatically. The Fed last week raised the discount rate, which is the interest it charges on money that it lends to member banks, by a half-point, to 11%, a record high. Several major banks then boosted their prime rate by a quarter-point, to 13¼%, also a record. That was the sixth jump in the prime since the end of July, when it stood...
...before they met the same roadblock. When they succeeded, the Government was forced to admit defeat, and moved to lift restrictions against the California paper and the Progressive, though court documents in the magazine's case remain sealed. Said Justice Department Spokesman Mark Sheehan: "There was no further point in protecting a secret that is no longer a secret...
...responded equally firmly, pointing out that Peking had broached the presidential visit and that we could not accept any conditions. I then launched into a deliberately brusque point-by-point rebuttal of Chou's presentation. Chou stopped me after the first point, saying the duck would get cold if we did not eat first. At lunch the mood changed and Chou's geniality returned...
Taiwan, as expected, provided the most difficult issue. We needed a formula acknowledging the unity of China, which was the one point on which Taipei and Peking agreed, without giving up our existing relationships. I finally put forward the American position on Taiwan as follows: "The United States acknowledges that all Chinese on either side of the Taiwan Strait maintain there is but one China ... The United States Government does not challenge that position." Chou and I refined the text until at 8:10 a.m., concluding a nearly nonstop session of 24 hours, we had agreed on the main outline...
Tall and powerfully built for a Chinese, Mao fixed the visitor with a smile both penetrating and slightly mocking, warning by his bearing that there was no point in seeking to deceive this specialist in the foibles and duplicity of man. I have met no one, with the possible exception of Charles de Gaulle, who so distilled raw, concentrated will power. He was planted there with a female attendant close by to help steady him (and on my last visits to hold him up); he dominated the room?not by the pomp that in most states confers a degree...