Word: minnesota
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Dates: during 1970-1979
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WALTER HELLER: "I think the Fed got itself in a position where it had to do this," says the University of Minnesota professor who was President Kennedy's chief economic adviser. "If they had done any less, the world markets would have responded terribly negatively. Yet the costs are high. The Federal Reserve is taking the agony route to lowering inflationary expectations: squeezing down total demand in the economy, thereby weakening both product and labor markets. Increasingly people are going to be squeezed out of [credit] markets at those astronomical interest rates." Heller does not, however, expect "a full...
...more than double the 150,000 that descended on Iowa in 1959 for a glimpse of Nikita Khrushchev. Police cordoned off a 16-mile stretch of Interstate 80 and Interstate 35 and used it as a parking lot for buses that rolled in from Kansas, the Dakotas, Colorado, Wyoming, Minnesota, Wisconsin and Nebraska. The crowd included many teenagers in jeans and backpacks. Seventy-five high school students from Independence, Iowa, walked 130 miles to see the Pope...
...more time called attention to the plight of the world's poor. He told the farmers, "You have the potential to provide food for the millions who have nothing to eat and thus help rid the world of famine." Summed up Mike Keable, a Catholic deacon from Minnesota: "The Pope is the glue that holds the church together. What better glue can we have...
DIED. Roger K. Fawcett, 69, president of Fawcett Publications; of cancer; in New York City. The Minnesota-born Fawcett succeeded his father as chief executive officer of the firm, which publishes magazines (Woman's Day, Mechanix Illustrated), paperbacks with the Crest, Gold Medal and Popular Library imprints and Charles Schulz Peanuts books. Fawcett sold the family-owned company to CBS in 1977 for $50 million...
...bolt weevils have become the first priority of the Minnesota Bureau of Criminal Apprehension. In the last two months, the bureau has doubled the reward for information leading to the conviction of tower topplers--to $100,00. Obviously relishing their notoriety, the dairy farmers have been heard chanting, "We're number...