Word: programming
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Dates: during 1980-1980
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...church, a converted dormitory, comfortably houses the men who quietly wander in and out, exploring Roxbury and following the daily job development program sponsored by the World Relief Corporation. The building sleeps six in a bedroom, with a bed for each man, spacious bath facilities, large recreation room and heating...
...Federal Reserve Board Chairman Paul Volcker for pushing up the cost of borrowed money, he was not alone in the attack. Both at home and abroad, critics are taking a hard and skeptical look at the U.S. monetary policy that Volcker introduced Oct. 6, 1979. As part of a program to defend the dollar and fight inflation, he signaled a significant shift in strategy. Previously the Fed had attempted to keep interest rates steady and certain, but that led to an overexpansion of the money supply. Under the new monetary strategy, which was immediately dubbed Volckerism, the Fed pledged itself...
...therefore, with an air of urgency that President Jimmy Carter last week announced a six-point program to aid the ailing industry. The President's plan will give steel some tax relief, loosen antipollution regulations, and provide protection against foreign imports. Although the proposals were less than steelmen wanted, they generally applauded the measures. Said one top steel official: "This industry has been a whipping boy for 50 years. Now we find the Administration in power saying we need to support steel and not knock...
...heart of Carter's program is a revival of the trigger price mechanism (T.P.M.), which was adopted more than two years ago to protect U.S. producers against competition from low-priced foreign products. If imports enter this country at less than the minimum or trigger price, an antidumping investigation is launched. The trigger price is based on the cost of production in Japan, which has the world's most efficient steel factories. In the past, the steel industry has complained that the T.P.M. was inadequately enforced and set too low, thus allowing cheap imports. It also accused...
...rest of the Carter program includes: tax incentives for plant modernization, increases in research, a three-year extension for fulfilling the antipollution requirements of the Clean Air Act, and subsidies for workers and communities affected by industry layoffs and plant shutdowns. One likely effect of the Carter program will be to increase steel prices, since domestic steelmakers will now be able to raise prices without as much fear of low-cost foreign competition...