Word: willing
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Dates: during 1960-1969
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Married. The Rev. Daniel McLellan, 53, Denver-born Roman Catholic missionary priest, who while on assignment in Peru in 1960 pioneered a savings and loan association, Mutual El Pueblo, for impoverished peasants, then built it into a $14 million concern; and Ada Chirinos, 28, his Peruvian secretary; in a civil...
(3 of 10) that it has created a severe risk of recession. Though neither embraces Friedman's whole concept, they maintain that the board should pay less attention to fluctuations in the money market and more to fundamental trends. They also have been arguing since last August that unless the...
As Friedman sees it, the timing and severity of a recession will depend mainly upon how quickly Maisel and Mitchell can persuade their fellow board members to ease up on money. President Nixon can cajole the members, but legally he cannot control the actions of the board, which is independent...
The Administration's economists admit that they are practicing brinksmanship. Anything more severe than a mild or brief recession would damage Republican chances of winning more Senate and House seats in next November's election. It will avail Nixon little politically to blame inflation on the Johnson Administration, even though...
The President's struggle with Congress has been greatly intensified by the fight over the tax-reform bill (see THE NATION). It started out with some sensible and overdue reforms, but many were gutted by irresponsible actions in the Senate. The 1969 bill that the Senate passed last week is...