Word: public
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Dates: during 1970-1979
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...articles by Charles Hansen and Howard Morland are guilty of disseminating classified information on the hydrogen bomb [Oct. 1], it would certainly seem possible to convict them of publishing obscene material. Surely nuclear holocaust and the means of bringing it about are without redeeming social value. Making such information public can serve no positive purpose...
...almost a total panic," said a broker whose clients were jamming his telephones in their haste to sell. "More dramatic than anything I've seen since the assassination of President Kennedy. The institutions and banks are selling, but they aren't as dramatic as the public. The public always seems to overreact. They're just calling up and saying, 'Sell my stuff! Get out of my position!'" His experience was not unique. At brokerage houses around the city, investors were trying to cut their losses. By 11:30, only 1½ hrs. after trading began...
...personal life as well as his public decisions, Volcker is a slow man with a buck. Instead of flying a regularly scheduled airline and getting a first-class seat so he can stretch his long legs, Volcker doggedly queues up to ride the cramped shuttle flight between Washington and New York, where his wife, who suffers from arthritis, still lives. A month ago, when the dollar was under attack, Volcker found himself marooned for six hours at New York's La Guardia Airport waiting for a place on the shuttle. Says one aide with a grin: "Perhaps...
...Grove, a private consultant and senior economic adviser to Marine Midland Bank. "A slow and gradual approach to curbing inflation would not be very effective. I prefer a quick and dirty approach, and the Fed's actions are very much along that line. They will give the domestic public and foreigners the sense that we really are going to come to grips with inflation." Grove concedes that a dramatic and determined" credit squeeze would depress business activity and push up the unemployment rate. He also thinks the stock market had good reason to flop: "Some of the doubting Thomases...
...already have a savings or checking account there, don't bother asking for a loan. Bright spot: student loans will continue to be available, and at interest rates as low as 7%. Bankers figure that cutting back on student loans would be terrible public relations...