Word: spring
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Dates: during 1980-1980
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...response, Monetarist Sprinkel argued that the Federal Reserve has not really been sticking to its tight money policy at all. In Sprinkel's view, Volcker "aborted the recession last spring" by injecting money rapidly back into the economy to ease the downturn during an election year. Said Sprinkel: "I have been watching the Fed since Harry Truman's days, and though Presidents have no direct control over the Fed, the White House does have all sorts of subtle influences to help it get the sort of monetary policy it wants...
Democrat Heller cautioned, however, that Volcker is not likely to repeat his move of last spring and begin excessively increasing the money supply a second time if the economy starts to falter. Said Heller: "Volcker has had a burning experience, and he is now being driven almost by a sense of inner guilt. He eased up too much too soon, and he knows it. Now Volcker may be overcompensating...
...were loosened and money became less restricted. The prime rate fell to a low of 11% in July. Yet, after November's presidential election and a new burst of inflation, the Federal Reserve Board once again tightened money, and interest rates began another steep rise, quickly passing the spring's historic interest rate records...
...that come up for sale fetch prices of up to $12,000 each. For a man who describes himself as "a solitary and an agonizingly slow worker," Sendak has had an uncharacteristically gregarious year. He oversaw the printing of his new book, Outside Over There, to be published this spring, aided in the production of his off-Broadway musical Really Rosie, designed sets for the Houston Opera's version of The Magic Flute and is at work on the New York City Opera's American premiere of Janáček's The Cunning Little Vixen...
Still, patriarchal societies have weighed unevenly upon creative women in different times and places. In China and Japan, women poets have usually been highly regarded and their work is wonderfully well represented in this volume. The authors spring from all classes and conditions of life: an empress, an imperial courtesan, a Taoist priestess. In the 9th century, a legendary Japanese beauty, Ono no Komachi, voiced this complaint about her lover...