Word: return
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Dates: during 1970-1979
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...during that meeting, reports TIME Washington Correspondent William Blaylock, that Volcker decided nothing short of decisive action would do: "Upon Volcker's return to Washington, following a brief appearance at an International Monetary Fund conference in Belgrade, he immediately instructed his staff to draw up a list of options open to the Fed. The short-term goal would be to prevent a further dollar slide abroad, but long term the objective would be to puncture the inflation psychology of the nation as a whole. As many as 20 staffers were ultimately involved in the brain-storming sessions, and economists from...
Bonds took an especially bad beating, since they usually pay fixed rates of return to investors and have values that fluctuate in accordance with overall interest rates in the economy. When interest rates rise, bond prices go down, and last week they fell through the floor. IBM had an offering of some $1 billion worth of notes and debentures, but many remained unsold when bond prices collapsed last week, leaving the underwriters with a loss of as much as $25 million...
...nomination; the March primary will determine that. Yet the practical irrelevance of the exercise did not keep the forces of President Carter or Senator Edward Kennedy from spending extravagantly. "Florida for Kennedy" will have laid out $175,000, Carter $250,000. What they hoped to get in return was nothing more tangible than a post position and morning-after headlines. As one Florida official accurately described it, "Image becomes substance...
Castro's dramatic return to the U.N., moreover, came at a time when Cuba is capturing unusual attention. In addition to its continuing military role as a Soviet proxy in Africa, it has lately become a source of renewed concern for American security in this hemisphere. The controversy over the Soviet brigade stationed on the island is only part of it. Equally perturbing is Cuba's role in the midst of the political unrest now brewing in the Caribbean, which has long ceased to be an "American lake." It is not "Havana's pond," either, but Cuba...
...they are the walking dead. There was no imagining what horrors they had witnessed and survived, or perhaps even committed, since some of them are cadres of the ruthless and decimated Khmer Rouge army. After a few days of rest and replenishment in Thailand, they will probably have to return, lame and sick and malnourished, to their dreaded homeland: Cambodia...