Word: rapid
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...stimulate the economy, there was speculation that Burns would try to thwart any presidential attempt at fiscal pump priming by tightening up sharply on credit. In recent weeks the Federal Reserve has indeed begun raising short-term interest rates-to try to rein in what it considers an overly rapid growth in the money supply now that inflation is bumping back up to double-digit levels. The Federal Reserve's move toward tighter credit, while welcomed by businessmen who share Burns' concern about inflation, helped to dash hopes of a spring rally in the stock market. Having worried...
...noting sharp rises in industrial commodity prices and the inflationary impact of escalator clauses in union contracts, believes that prices at year's end could be climbing at a pace of 7%. Beryl Sprinkel, vice president of Chicago's Harris Trust & Savings Bank, is worried that a rapid expansion in money supply -about 11% lately by one measure -could lead to sharp price boosts...
...Alliance's rapid growth has resulted from its development of a broad base of support. Farmers, schoolteachers, doctors, housewives, students and blue-collar workers were among the 2000 "Clams" who occupied the Seabrook site on May Day weekend. Their ages ranged from the teens to past 70, with the average somewhere between 25 and 30. They came from all over New England and the United States. And they came prepared to go to prison for their beliefs. One leader said last week, "I've lived on the seacoast all my life, so I've been involved all my life...
Frost ignores the suggestion. With rapid-fire intensity, he reads a devastating litany of quotes from the March 21 tape, in which Nixon clearly sanctions the payment of hush money to Hunt. On this tape, as it was introduced in the House Judiciary Committee hearings on Nixon's possible impeachment, Nixon says such things as: "You could get a million dollars. You could get it in cash ... Don't you think you have to handle Hunt's financial situation damn soon? ... We have to keep the cap on the bottle that much ... That's why for your immediate things...
...fighting for independence in Eritrea, a desert province along the Red Sea coast. While cracking down at home, Mengistu-like other African leftist leaders-has attempted to consolidate his power by cozying up to the Soviet Union. He was especially anxious to court the Kremlin in view of the rapid cooling of the U.S.'s interest in Ethiopia following the junta's ouster of the Emperor, who had received $600 million in American aid between...