Word: rated
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Dates: during 1980-1989
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...rate, Allison, who was weathered out on Everest in 1987 after reaching 26,000 ft., then retreating and spending five days in a snow cave, was by several days the first of three climbers from her expedition to reach the top last fall. (A male climber, Geoff Tabin, made it to the top just ahead of Luce.) Thus she settled what she somewhat dismissively refers to as "the American-woman-on-Eve rest thing." (Tired of hype and of fund raising, she had put $9,000 of her own money into the expedition pot.) No doubt she also quelled some...
...appearance of sluggishness overseas was compounded at home when the Federal Reserve Bank raised the discount rate a half point, to 7%. The move was a clear sign that the Fed, frightened by recent indicators, does not believe the new Administration's rosy assertion that inflation can be held in check without higher interest rates...
...largely by the fast-rising cost of food and gasoline, the Consumer Price Index increased 0.6% in January, which would amount to a worrisome 7.2% if it were to continue through the year. That marked the strongest monthly inflationary surge since January 1987, when prices jumped 0.7%. But the rate then slowed to a modest...
...inflation news sent tremors of alarm through homes, offices and executive suites, where memories of the inflation battle of 1981-82 still linger. Those fears were quickly rekindled when major banks, led by Chase Manhattan, boosted their prime lending rate from 11% to 11.5%, the second increase in two weeks. At week's end the Federal Reserve confirmed the quickening trend by raising its discount rate, which is the rate it charges banks for short-term loans, from 6.5% to 7%. Anticipating the effects that $ rising rates will have on business and the economy, the Dow Jones industrial average plunged...
...report cast a spotlight on the quiet but crucial duel between Greenspan and George Bush over U.S. economic policy. In its stand against inflation, the Fed has resolutely tightened credit since last March, when the prime rate stood at 8.5%. But Bush, even though he pledged during the fall campaign to drive inflation down to 2%, insisted two weeks ago that he is not "overly concerned" about the threat of rising prices and cautioned that he "would not like to see" the Fed push interest rates higher. In Tokyo last week, Bush asserted that the Fed might be overreacting...