Word: prime
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Dates: during 1970-1979
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Volcker has already permitted the prime interest rate to reach a historic high - 12¾%, and he has assured Congress that he plans to keep up the pressure...
...London's historic Lancaster House, where the talks that led to the independence of so many British colonies took place, Zimbabwe Rhodesia's* Prime Minister Bishop Abel Muzorewa sits down this week with his archenemies Joshua Nkomo and Robert Mugabe, co-leaders of the Patriotic Front. The purpose of the conference, which is sponsored by Britain, is to forge an agreement that may lead to Patriotic Front participation in new elections and an end to the bloody seven-year civil war. With a stable majority-rule government in Salisbury, Prime Minister Margaret Thatcher could lift the 13-year...
...speculated that the raid was aimed at driving a wedge between Mugabe, who has insisted that the war will continue until Muzorewa steps down, and his uneasy partner Nkomo, who seems more willing to compromise with the bishop's regime. While attempting to split his external enemies, the Prime Minister has dealt sternly with his political opponents inside the country. In July, Zimbabwe Rhodesian soldiers shot down at least 183 members of the "private army" of Muzorewa's rival, the Rev. Ndabaningi Sithole, who finished second to Muzorewa in last April's "majority rule" election. Faced with...
...slow the economy and make bonds relatively more attractive than stocks. Federal Reserve Chairman Paul Volcker repeated that he is committed to throttling back the growth of money supply, and that interest rates would therefore remain high as long as the rate of inflation did. Indeed, the banks' prime rate for business loans climbed from 12¼% to a banana republic...
...elite Scots Guards neared the Rhine at the close of World War II, a dashing Sandhurst-trained tank commander risked his life to rescue one of his men under fire. The exploit won him the Military Cross. Last Friday, Prime Minister Margaret Thatcher's office announced that the onetime officer, Robert Alexander Kennedy Runcie, 57, will be assuming a rather different command. In January he will replace F. Donald Coggan, who is retiring at age 70 as Archbishop of Canterbury, Primate of the Church of England and titular head of the world's 65 million Anglicans, including America...