Word: tandems
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Coach Jack Barnaby substituted the experienced senior tandem of Dean Bauer and Dave Hodges at second doubles, and they responded with a 6-4, 7-5 victory...
...least not while the economy was booming. In late 1965, when the President wanted an easy-money policy, the Fed seemed to go out of its way to tighten things up. But ever since business turned sluggish last winter, the President and the Reserve Board have been working in tandem. The Federal Reserve sliced required bank reserves to make money more available. The Administration pushed the reinstatement of the 7% investment credit on corporate capital spending, pumped money into a drooping mortgage market, stepped up highway and other construction spending, including $1.14 billion more released last week. Federal Reserve Chairman...
Space Coast Guard. There is no shortage of ideas. Martin Marietta Corp. has proposed launching a piloted Gemini rescue spacecraft in tandem with an unmanned Gemini containing three seats. After the twin craft had rendezvoused with a disabled Apollo vehicle, for example, the three-man Apollo crew could transfer to the empty Gemini, detach it from the piloted rescue craft, and return to earth simply by firing their retrorockets...
...bumpy rate cuts dramatically signaled an end to the pressures that last year drove interest in the U.S. to a 45-year peak. When the Federal Reserve Board hiked its discount rate from 4% to 41% in late 1965 to fight inflation, commercial banks lifted their prime rate in tandem from 41% to 5%. As loan demand soared, the prime rate moved up three more times by mid-1966-a 33% increase in eight months. Since September, the squeeze has eased -imperceptibly at first but lately significantly. Yields on 90-day Treasury bills have slipped to 4.54%, compared with...
Junior Ben Smith has returned to defense, where he was a second-team AllLeaguer last winter. Smith will team with Dennis Clark, while the Bob CarrChip Scammon tandem remains intact...