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Congress created the Federal Reserve in 1913 after a rash of financial panics showed the need for a central body to regulate the money supply and lend funds to banks caught short of cash. With the Treasury Secretary as chairman, the board at first was almost an arm of the White House...

Author: /time Magazine | Title: That Independent Fed | 7/5/1982 | See Source »

...times as long. Thus they are effective as once-a-day doses. They are also less apt to irritate the digestive tract. According to Lilly, Oraflex causes 50% fewer gastrointestinal side effects than aspirin. There remains a drawback. In clinical trials, Oraflex caused sun sensitivity leading to an itchy rash in about 20% of patients. This can be prevented by applying sunscreen lotions or even by getting a protective suntan before using the drug...

Author: /time Magazine | Title: Medicine: Fighting Arthritis Pain | 5/31/1982 | See Source »

Harvard manages the gardens for Boston, and under the terms of a long term agreement the city is responsible for security there Due to the recent rash of violence in the Arboretum, however, Ashton and his colleague are now working on involving the Arboretum in a park ranger program that is due to begin in Boston soon in order to provide additional police protection...

Author: NO WRITER ATTRIBUTED | Title: Common Sense | 5/28/1982 | See Source »

...decision had gone the other way, a rash of suits might have contested negotiated seniority systems that favor whites and males, not only in promotion but in pay and job security. Many last-hired, first-fired agreements, for one large example, will now be difficult to challenge. Justice Byron White, for the majority, explained that his ruling rested in part on "the policy favoring minimal governmental intervention in collective bargaining." But it also continues a conservative trend on the court, which has now applied the "intent" standard in school desegregation, voting rights and other cases...

Author: /time Magazine | Title: Law: And Now, the Arizona Twins | 4/19/1982 | See Source »

After closing out the indoor season with a rash of bad luck and minor inuiries, the Harvard men's track team moves outdoors this week hoping to start off on a better foot...

Author: By Becky Hartman, | Title: Men's Track to Open Season | 4/10/1982 | See Source »

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