Word: sharp
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...immediate and unusually sharp 1% rise, from 11% to 12%, in the discount rate, which is the interest the Federal Reserve charges to commercial banks that borrow funds from it. Since Federal Reserve rules require banks to keep a certain amount of money in reserve for every dollar in loans to customers, banks that want to increase their lending sometimes turn to Federal Reserve discount funds to do so. Pushing up the cost of those funds discourages banks from borrowing and thereby helps hold down the expansion of credit...
...underscore their approval, investors in London promptly chopped a sharp $13 off the price of gold; during the preceding weeks it had climbed by more than $100 to hit a momentary alltime high of $447 an ounce before settling back to about $385 at the beginning of October. Not only did the yellow metal on Monday droop to $372, but the dollar rebounded smartly on international exchanges, suggesting that its latest round of being bullied was coming...
...peak of 14.5%. Since quarter-point raises are the norm, the effect of the full-point boost in the prime was electric. Not only did it push the interest charged to margin investors up close to 16%, making stock ownership on borrowed money extremely expensive, but it had a sharp psychological effect on the market. That was quickly compounded when Chase Manhattan President Willard Butcher, told a New Orleans press conference that the money markets were in such turmoil that banks might soon wind up having to recalculate their prime rates, "from 9 in the morning...
Giscard's sharp decline in popularity has fueled rumors that he may soon replace Barre. "He is an honest man, above all suspicion," Giscard responded when asked about Barre on a television interview. Coming from the President, who had lauded Barre as "the best economist in France," that faint praise appeared to signal a new arm's-length distance between the President and his Premier...
This latest "discovery" in the growing field of sports medicine was made by Dr. Arthur Kirk, the tournament's attending physician, who treated the two athletes. Seeking the cause of the injuries, he examined one of the baskets and found the culprit: a sharp, rough edge on the flange that connected the rim to the backboard. There were also other potentially dangerous sharp edges and points on the rim. Kirk's conclusion, in a straight-faced report to the Journal of the American Medical Association: the lacerations had occurred when the players' hands hit the hoop while...