Word: meetings
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Dates: during 1960-1969
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...Conroy and her two daughters, Terry, 27, a Spanish teacher at the State College at Boston, and Mariann, 23, a housewife, meet at Colstone's Restaurant in The Hub. Huddled conspiratorily over their coffee, they plot the day's assault. "Terry," says Mrs. Conroy, "you hit the $6.95 dress sale. Mariann, you head directly for that special on pants suits. I'll case the men's department...
...automobile has one major fault: wherever it is used in large numbers, its internal-combustion engine contributes mightily to air pollution problems. As a result, automakers have already been sued on various grounds for degrading the environment. Moreover, they will have to move with unaccustomed speed to meet the minimum requirements of tough federal laws that go into effect in 1971. Instead of merely waiting for the next anti-pollution blow to fall, however, Henry Ford II has a better idea...
...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 Lyndon Johnson's failure to ask for higher taxes in 1966 to help meet Viet Nam costs is a major source of today's problem. Some congressional Republicans believe that Nixon will arrange to relax the money squeeze well before ballot time. But at least one of the President's most trusted advisers has counseled him to risk unpopularity in 1970 and concentrate on stopping...
...classrooms, in testimony before congressional committees, in private chats with policymakers, and in a triweekly column for Newsweek. Last week he left his Vermont mountaintop retreat, where he customarily spends about half his time studying and writing, for a rapid round of evangelistic appearances. He flew to Washington to meet with a Nixon commission that is studying plans for a U.S. shift to an all-volunteer Army. Later he made a speech in Manhattan, then went to Boston. Dressed in a baggy brown suit and well-worn shoes, Friedman met for lunch with 20 impeccably tailored mutual-fund advisers...
Tight money might have reduced inflation faster if big banks had not discovered ingenious methods of avoiding the Federal Reserve's pincers. To help meet corporations' vast appetites for loans in the face of the credit shortage, U.S. banks borrowed $13.3 billion in Eurodollars?U.S. dollars in private hands abroad?and brought them home. The board finally closed that loophole by imposing a 10% reserve requirement on borrowed Eurodollars. Thereafter, the banks circumvented restraint by issuing vast quantities of commercial paper ?unsecured promissory notes. Belatedly, the Reserve Board plugged that loophole by placing an interest-rate ceiling on commercial...