Volcker defends tight policy amid inflation fight
Federal Reserve Chairman Paul Volcker, facing fierce criticism, urges perseverance with monetary restraint. He confirms plans to lower monetary growth targets, aims for the lower end of M1B range, and outlines a future M1 reform while noting dollar strength and mixed industry impacts from high rates.
MENTIONED IN THIS ARTICLE
Washington
U.S
Federal Reserve
Paul Volcker
Volcker
Reagan
Congress
Fed
MIB
House Committee
Senate Banking Committee
Volcker defends tight money path amid inflation fight
Fed chairman Paul Volcker defended high interest rates as essential to quash inflation, warning that loosening credit would revive price pressures. He argued the dollar’s strength hurts exports but supports growth control, while urging continued budget and wage restraint and tax cuts only within a tight fiscal plan.
MENTIONED IN THIS ARTICLE
U.S
Volcker
Maryland
Paul Sarbanes
Fed
Scrooge
Jake Garn
William Proxmire
D-Wisc
Sarbanes
Donald Riegle
D-Mich
Proxmire
Senate
Congress
Reagan
America
House
Butte
Frederick woman fights world hunger with Bread for the World
Ginnie Morrow of Frederick explains her optimism and effort to combat hunger through Bread for the World. The 20 year old junior at James Madison University coordinates Hunger Fast Week and Hunger Awareness Week at school while advocating letter writing to lawmakers and education on poverty related issues.
MENTIONED IN THIS ARTICLE
Ginnie Morrow
Frederick Woman
David
Washington
Congress
Miss Morrow
James Madison University
BFW
Bread for the World activist Ginnie Morrow in Frederick
Frederick resident and Bread for the World member Ginnie Morrow 20, a Jamen Madison student, explains the anti hunger lobbying group aims to influence public policy with research and facts. She notes the organization seeks nonviolent, non coercive methods and cites the Bread for the World logo representing sharing.
MENTIONED IN THIS ARTICLE
Bread For the World
Miss Morrow
Ginnie Morrow
Frederick
Jamen Madison
Tony Casadontet
U S Aid Funds Used to Siphon Off Payoffs Overseas
AID funds allegedly finance “bonus money” to local foreign officials to secure cooperation with development projects. Auditors cite waste and mismanagement across multiple programs in the Sahel, Upper Volta, Gambia, and Ethiopia, with delays and overpayments. The report notes officials receive annual “bonus” payments atop regular salaries, prompting criticism of weak monitoring and control.
MENTIONED IN THIS ARTICLE
Washington
U.S
Agency For International Development
AID
Valdis Karklis
General Accounting Office
Lyoda Mapes
Karklis
Sabel
Sahel
Upper Volta
Gambia
Ethiopia
ATD
Africa
Upper
Ofta
North Carolina and Maryland push microelectronics growth
The article notes the links between higher education and the microelectronics industry as states like North Carolina and Maryland aggressively attract semiconductor jobs. It highlights a $24 million NC research center plan, university professorship incentives, and the aim to create a Maryland research triangle near Baltimore with Johns Hopkins and the University of Maryland.
MENTIONED IN THIS ARTICLE
North Carolina
Silicon Valley
Harry R. Hughes
Maryland
Beltway
Washington, D.C
University of Maryland
Baltimore
Johns Hopkins University
Baltimore County
Southeastern
U.S
University of North Carolina
Chapel Hill
North Carolina State University
Raleigh
Duke University
Durham
Bell Telephone Research Laboratories
Murray Hill
N.J
California
Stanford University
Also Mentioned on This Page
Newsman's Choice
Steven Beckner
Steven K. Beckner
Frederick News-Post
Calamo
Newman
Deaknews
New York Times
Baltimore Sun
Dalles Morning News
Shana Potash
The
Red Cross
CARE
News-Post
Hat City
Donald Lambro
Metemahs Spa
the State of Education
Eugene Golf
Stanford
Arizona
Colorado
Ohio
Florida
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