Word: interest
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Dates: during 1970-1979
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Explain "overheating" to the construction or auto industries, which can't build homes or sell cars. I don't see retailers screaming about too many crowds in their stores. What is overheated are interest rates, and the Feds, the biggest borrowers in the country, are the most affected. I am going to try the Fed's solution on my slightly overweight dachshund, overfeeding her to get her to stop eating. I only hope she doesn't get sick...
...voters. He has presided over one of the worst outbreaks of inflation in American history (currently 13%, the highest since price controls were lifted at the end of World War II), and now, in an attempt to control that inflation, he is supporting policies that have caused the prime interest rate to rise to unprecedented levels (currently as much as 15¼%). The energy crisis, despite Carter's attempts to offer solutions in "the moral equivalent of war," is hardly less severe than when he came to office. In many ways it is worse. Prices of gasoline have risen...
...ended months of dithering and sent arms to an ally in Morocco, agreed to modernize nuclear weapons in Europe and stood behind the higher interest rates invoked by the Federal Reserve...
...first woman on the U.S. Supreme Court. Before agreeing to become Secretary of Education, she extracted a promise from Carter that he would not preclude her from any future Supreme Court vacancy. For now, however, she is content to concentrate on education. To reporters, she insisted that her "lifelong interest" in education qualified her for the post. She admitted, however, that she does not "have any specific ideas right now about the Department of Education because I simply don't know enough about the entire program...
...Baghdad last month by Jordan's King Hussein for discussions on a comprehensive Middle East peace settlement. Other recent callers have included French Premier Raymond Barre, British Foreign Secretary Lord Carrington and his West German counterpart, Hans-Dietrich Genscher. Their visits are solid evidence of the growing Western interest in Iraq and of Baghdad's desire to open new economic and diplomatic relations with the West. They also suggest that Saddam Hussein, 42, who replaced ailing Ahmed Hassan al Bakr, 65, as President last July, is determined to forge a more active, and possibly less radical, foreign policy...