Word: prop
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Dates: during 1980-1989
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...large extent, the fate of the dollar -- and the entire U.S. economy -- is in the hands of Chairman Alan Greenspan and the other governors of the Federal Reserve Board. As always, Greenspan faces some hard choices. If he raises interest rates to prop up the dollar, he risks stifling economic activity and triggering a recession. But if he allows the money supply to grow too quickly, and interest rates drop, the dollar could go into a further nose dive, and inflation would take...
University officials said this prop- osal has a good chance of passage. "I think itis very likely [the plan] will pass," Dean of theCollege L. Fred Jewett '57 said...
...cost. That means encouraging the Federal Reserve to pour money into the economy and reduce interest rates. But in doing so, the Administration has had to make a sacrifice, the U.S. dollar. Treasury Secretary James Baker, the chief architect of the plan, maintains that any additional attempt to prop up the dollar with relatively high interest rates could choke the economy and further devastate the stock market...
...represent the world of the child." The set consists of red tubular scaffolding with connecting platforms. Around this are displayed the emblems of childhood: a red plastic baseball bat, a father's jacket, a mother's frying pan, a sister's dress and, the play's most symbolic prop, the leather strap. For three hours actors and patients work at making a whole out of their disparate scenes. What emerges is a riveting pastiche in which children are beaten by drunken parents, humiliated by everyone, and, above all, forced to exist in a world of aching loneliness: a child...
Many American experts now believe that was a serious mistake. The dollar, its real value undermined by budget and trade deficits, has continued to attract more sellers than buyers. Central banks have spent something like $90 billion this year buying greenbacks to prop up the price. Worse, the Federal Reserve was forced into the high-interest-rate policy that proved to be poison to world stock markets. And still the Louvre values could not be sustained. ( Last week the dollar fell to new lows against the West German mark and Japanese yen; foreign governments seemed willing to buy only enough...