Word: shiftings
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Dates: during 1980-1989
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...Harvard when it comes to athletic competition plays a part in that record, certainly. It's not just football, either. Whenever the Harvard hockey team takes the same ice as the Bruins, bad times are guaranteed, especially when ECAC Dirty Player of the Year Darrell Petit is taking a shift. Last year's game at Bright Center was delayed for close to 15 minutes when a brawl broke out in front of the Harvard bench just before the close of the first period...
...missed the first couple of weeks of the rally," he said adding, however, that since the beginning of September. Harvard has poured about $200 million in assets into the stock markets. Due to the investment shift, the percent ratio between Harvard's stocks and bonds is now about...
...money policy so that the economy could begin growing more rapidly. Said one official somberly: "We could not afford to wait another five or six weeks." Although he insisted that this was only a minor technical change with "zero policy significance," Federal Reserve Board Chairman Paul Volcker confirmed the shift during a weekend meeting of business leaders in Hot Springs...
...Wall Street investors, of course, the easing interest rates were visible proof that there had been a shift in the policy adopted by Volcker three years ago this month. At the time, the Fed chairman had declared that he would henceforth place less importance on regulating the level of interest rates in the economy and attempt more directly to control the growth in money. He argued that such a program was essential for bringing down the runaway inflation that was destroying the value of the dollar abroad and creating chaos in the U.S. economy...
...successful. The annual rate of inflation as measured by the consumer price index has gone from 15% in the autumn of 1979 to about 5% at present. In September, prices charged by producers actually declined at an annual rate of 1.7%. Market watchers have in fact been noticing a shift in Federal Reserve policy for several weeks. The central bank has chopped the important discount rate, which is what it charges banks to borrow money, from 14% a year ago to 9.5%, the lowest level since June 1979. In addition, the Federal Reserve has allowed the money supply to expand...