Word: rising
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Dates: during 1980-1989
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...always, of Chairman Alan Greenspan and the other governors of the Federal Reserve. As the person in control of the U.S. money supply, Greenspan has the primary responsibility for preventing a price explosion. Last week he seemed to be moving decisively to cool things down by letting interest rates rise. The so-called federal funds rate, the interest charged on overnight loans among banks and the best day-to-day indicator of Federal Reserve policy, inched up from just under 7% to about 7.25%. In response, major banks hiked the prime lending rate they charge commercial customers from...
...Greenspan strives to curb prices, he will have to watch for trouble in currency markets. A further steep decline in the value of the dollar could fan inflation, since it would cause new increases in the cost of imports. Greenspan apparently hopes to avoid that by allowing a modest rise in U.S. interest rates, which will make dollar-denominated securities more attractive to foreign investors...
Some members of the class of '88 have shifted their sights from Wall Street to a wide variety of nonbusiness fields, from law to social work. Most noticeable is the rise in the number of students seeking teaching careers. Many of the nation's graduate education schools report they are receiving at least 40% more applications this year than last. At Brown University, 250 students showed up for a one-man show on the life of a teacher, and career forums on counseling drew twice as many future graduates as last year...
...moment the Post remains awash in red ink, but Kalikow predicts it will break even within three years. He also expects circulation to rise from its current level of 555,000 to 700,000, still well behind the Daily News's 1.2 million. Amsterdam says the pressure on her is not to make the Post profitable but to make it better. Still, that may be difficult because of the attrition of recent years, including the loss of two of the paper's most talented headline writers...
...sometimes in sealed coffins. But their American counterparts came in for worse treatment. Kauffmann was reported to have said last week that when he was briefly imprisoned with American Educator Frank Reed, his fellow captive was so badly beaten, perhaps after an escape attempt, that he was unable to rise from the floor...