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Preston Martin, Henry Wallich, J. Charles Partee, Emmett Rice, Martha Seger. To most Americans, those names could be a random selection from a telephone book or maybe the supporting cast of the movie Revenge of the Nerds. But though they garner little recognition, Martin, Wallich & Co. are some of the most important people in America. They help determine how fast consumer prices rise, how many jobs are available and how difficult it is to get a car loan or mortgage. Obscure but powerful, they are Chairman Paul Volcker's colleagues on the Federal Reserve system's board of governors...
...California coast, doors and windows were bolted shut. Hardware stores experienced a run on security items, and weapons dealers reported a booming business. The pervasive fear had been aroused by the latest foray of the so-called Night Stalker, the serial killer who entered houses stealthily and seemingly at random, attacking and sometimes killing the occupants. Anxiety subsided Saturday when police at last arrested a suspect...
...warm summer nights, many residents in the San Gabriel and San Fernando valleys of Los Angeles enjoyed sleeping with windows and doors open for fresh air. No more. Since March, a killer has been creeping into those open houses, shooting, stabbing and beating victims chosen apparently at random. The "Night Stalker," as the newspapers have named him, has killed at least 14 people. Homeowners in once sleepy communities are buying door bolts, locking windows and organizing neighborhood watch groups. The killer is believed to be a man with curly hair between the ages of 30 and 35. Police have been...
...winners remained incredulous even after they had double-, triple- and quadruple-checked the lucky ticket, one of 21 they had purchased and agreed to share. Celso Manuel Garcete, the Paraguayan who had picked the numbers at random, said it all for the group: "I'm a little nervous, surprised, excited. It's a very big change." What more was there to say? By equally splitting their almost $13.7 million share of the jackpot, they will each receive 21 annual after-tax payments of about $24,000, starting this year. As the winners contemplated new houses and cars and college tuition...
Actually, arranging freshman rooming groups is a month-long project in social engineering. While most colleges rely on a random computer selection process. Harvard's plan is much more personal. Using gut instinct, information from the "Application for Rooms" submitted by each student, and a host of other assorted admissions data, six ordinary, subjective human beings spend the month of July pairing, tripling and quadrupling roommates...