Word: summers
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Dates: during 1970-1979
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...first time in its 37-year history, Harvard's student-run radio station, WHRB, will broadcast during the summer...
Russ I. Gershon '81, jazz director and acting station manager for the summer, said yesterday, "We want the station to be less a function of the school year than a part of the Cambridge atmosphere. We're striving to sound more professional...
...have worked itself through the economy fairly soon. Even though more increases are expected this year, he says, "I don't think the news ahead of us on oil will be as grisly as the news behind us." Heller also expects some relief on the food front by summer, though the price of beef will continue to be hefty while cattlemen rebuild their still skimpy herds. At the same time, production of pork and poultry is increasing, there are abundant "carryover" supplies of corn and soybeans from last season's harvests, and, says Heller, "the winter wheat crop...
...only 1% or 2% before recovering next spring. Still, that will be enough to weaken loan demand and cause overall interest rates to turn down. The economists expect the banks' prime lending rate to rise from the present 11¾% to 12½% or 13% in early summer, and then decline, perhaps sharply. Thus, the stock market should rise later this year. Wall Street rallies often begin during recessions...
...inflation out of the system. As the recession deepens, Okun would prefer that the Fed ease off and promote some expansion of money supply, which has been fairly tight over the last six months. Warns Okun: "Keeping to that policy in a recession is like wearing an overcoat in summer...