Word: propeller
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Dates: during 1970-1979
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MONEY POLICY. The Federal Reserve Board's 7.4% expansion of the money supply last year proved to be just enough to propel the economy without fueling inflation. Now some experts are becoming nervous because the Federal Reserve, under Chairman Arthur Burns, shows signs of tightening up. Otto Eckstein, head of Data Resources Inc. and a member of TIME's Board of Economists, fears that the Fed some time this year may reduce the rate of money increase to 3% or 4%. If that happens, he warns, by 1974 "the Fed will kill the boom." On the other hand...
...rating game" is here in full force. Throughout the country, athletic programs, coaching staffs and public relations departments are geared for the hard-sell publicity type to propel their football teams to national ranking. Competition for votes, trophies and poet season bowl invitations has reached unprecedented levels...
...Republican were impressive not for their departure from tradition, as the Democrats had been in July, but for their adherence to the strictest guidelines of party politics. They sought to reinforce an already wide lead in Presidential polls, to coalesce unlikely allies into an unbeatable force designed to propel Richard Nixon back to the White House with something he has never won in a Presidential race--the vote of the majority...
Some mines can sit on the bottom for a time, awaiting a coded signal to activate. On signal, they can propel themselves through the water to a different position, or can search for a target...
...strong. Humphrey and McGovern, the principal contenders, were looking farther down the calendar, to Oregon on May 23 and, more important, to California on June 6. California, with its 271 delegate votes, winner take all, had become the Democrats' new political grail. Victory there might be enough to propel either McGovern or Humphrey to the nomination...