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THOUGH he is normally one of the more obscure figures in Washington, the Chairman of the Federal Reserve Board has greater influence over the daily lives of all U.S. citizens than almost anyone except the President who appoints him. By performing some of the more arcane maneuvers in the realm of finance-raising or lowering bank reserve requirements, buying or selling Government securities-the Federal Reserve controls the supply of credit and the level of interest rates. It thus largely determines how much interest the consumer must pay to borrow for a new house or car, how much the businessman...

Author: /time Magazine | Title: Business: NIXON'S NEW MAESTRO OF MONEY | 10/24/1969 | See Source »

Optimistically, Americans have contrived a new notion- that of political development- which assumes that in the realm of economics there is a clear direction, and a set of norms, measurements, and strategies for moving in that direction. This notion rests on the shallowest reading of history and corresponds to a belief that the curses honors of advancing societies must be that of the United States; the criteria adopted by political scientists are all a transfer of American standards...

Author: By Jay Burke, | Title: Money and the Social Scientist | 10/22/1969 | See Source »

Having stated our view that the Faculty cannot abdicate its responsibilities in the academic realm without doing serious harm to the educational cause, we would also emphasize that there are aspects of university life where students should have larger responsibilities. In the area of social rules, student organization, and extracurricular activities, matters of primary concern to students. the student voice should be strengthened; students should enjoy as much autonomy as possible in regulating their affairs outside the classroom. Some of our problems undoubtedly come from not having recognized this earlier. Students as well as faculty share a proper concern with...

Author: By T. S. Eliot, | Title: The Fainsod Report | 10/20/1969 | See Source »

...more colorful and violent games of hockey and football have won increasing prominence. But with one brave stroke, the 1969 Mets reversed that trend. Their own exhilarating transformation from hopeless clowns to heroic champions has extricated baseball from its beer-and-TV tawdriness and elevated it to the realm of myth it occupied long, long...

Author: /time Magazine | Title: Baseball: Return to Myth | 10/17/1969 | See Source »

...years of their JULIUS existence. As advocates of internationalism, democracy, a distinct separation between church and state and improved social conditions, the Socialists naturally aroused deep suspicions in the monarchical, clerical, nationalistic Germany of the 19th century. "For me, every Social Democrat is an enemy of the Realm and of the Fatherland," declared Kaiser Wilhelm II. "That party, which dares to attack the foundations of the state, which revolts against religion and does not even stop at the person of the Almighty Ruler, must be crushed...

Author: /time Magazine | Title: World: WEST GERMANY: OUTCASTS AT THE HELM | 10/10/1969 | See Source »

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