Word: pumps
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Dates: during 1980-1989
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When Reagan appointees gained a majority on the seven-member Federal Reserve board of governors last February, predictions abounded that the central bank would adopt a more stimulative monetary policy in an effort to pump up the economy. After all, the Reaganite faction would be led by Manuel Johnson, the current Fed vice chairman, who is a former Assistant Secretary of the Treasury, certified supply sider and onetime critic of the Reserve Board for being too tightfisted in its fight against inflation. So far, the new lineup seems to have done its job. Since last March the Fed has steadily...
...November 7 article entitled "Pump Design Approval Hits Snag in Commission" incorrectly identified a Radcliffe graduate quoted in the story. She is Jacqueline Daly...
...ousted minister had apparently run afoul of the ruling House of Saud on several counts. By electing to pump Saudi oil as fast as he could at a time when there was already a plentiful world supply, Yamani sparked a price war that caused OPEC prices to plunge from some $30 per bbl. last December to less than $10 this spring. Yamani's goal was to flood the world with cheap oil and thereby drive high-cost producers in the U.S., Britain and elsewhere out of business. OPEC would then be free to raise prices once again...
...redesign proposal was submitted to thecommission for approval and to receive ademolition permit, since the pump is within theOld Cambridge Square District...
Another public hearing will be held in Decemberto discuss a another Radcliffe pump design...