Word: yorks
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Dates: during 1970-1970
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...respect of his teammates"-all highly negotiable currency in the pros, who are quite likely to peg him No. 1 in the draft. The pros are also high on Archie Manning of Ole Miss, 6 ft. 3½ in., 205 lbs. A scrambler in the mold of the New York Giants' Fran Tarkenton, Manning can pick out a receiver in a crowd of defenders and hit him with a pinpoint pass. He has the height to see over mountainous linemen and the speed (10.2 sec. for the 100-yd. dash) to turn the ends for long gainers. Beyond that...
First, stock prices plummeted. From Jan. 1 to May 26, which was the blackest day of the bear market, the Dow-Jones industrial average sank from 800 to an eight-year low of 631. During that period alone, the paper loss for securities listed on the New York Stock Exchange was $113 billion, and the nation's 31 million investors lost an average of $3,645 each. The losses were even more severe for stocks on the American Stock Exchange and on the over-the-counter market. The latter came close to collapse for many days during the late...
...point of offering to advance credit to commercial banks through its "discount window," providing them with much needed funds for relending to corporations that had to pay off commercial paper. The mechanism was conventional, but the need for speed was so urgent that five top officers of the New York Federal Reserve Bank spread news of the rescue scheme by making weekend phone calls to key Manhattan bankers. Banks borrowed heavily from the Federal Reserve, and advanced some $2 billion to cash-shy corporations. In addition, the board relaxed its controversial Regulation Q, which had limited the amount of interest...
...policywatchers guessing as to whether any such deal had been struck. Most common guess: no. Besides, Burns is only primus inter pares on the Reserve's twelve-man Open Market Committee, which regulates the money flow. A number of anti-inflation hawks on the committee, notably the New York Federal Reserve's Alfred Hayes, recently voted against faster expansion...
When Fyodor Dostoevsky was sentenced to four years in a Siberian labor camp, he requested only one kind of reading matter: books by Dickens. In mid-19th century New York, ships arriving with the latest installment of Dickens' The Old Curiosity Shop were met by anxious cries from the dock: "Is Little Nell dead...