Wall Street Confusion After Federal Reserve Tightens Policy
In a volatile session resembling a bowling ball rolling through major lanes, stock prices plunged then recovered as bonds, gold, and rates fluctuated amid the Fed’s stricter monetary stance. The market mood mirrored investor uncertainty, with dollar weakness and calls for restraint versus inflation. The piece links the turmoil to Kondratieff’s long-cycle theory and critiques on personal versus common good.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Wall Street
LaSalle Street
Chicago
Montgomery Street
San Francisco
Main Street
Federal Reserve
Paul Volcker
Federal Reserve Board
Fed
Today in History Highlights for October 15
On this date 1964 Nikita Khrushchev was ousted as premier of the Soviet Union. Mata Hari was executed in France in 1917. Hermann Goering died in his prison cell in 1946. Lyndon Johnson created the Department of Transportation in 1966. A 1968 treaty allowed Soviet troops in Czechoslovakia. In 1972 the U.S. flew nearly 400 fighter-bombers over North Vietnam. The FDA proposed banning nonessential uses of certain propellants in 1976. The Vietnam Moratorium began a decade ago with broad participation. In Watergate, Erlichman’s lawyers blamed Nixon. A year ago Congress approved an energy package and tax cuts.
MENTIONED IN THIS ARTICLE
Nikita Krushchev
Mata Hari
France
Hermann Goering
Hitler
Lyndon Johnson
Federal Department of Transportation
Moscow
Prague
Czechoslovakia
United States
North Vietnam
Food and Drug Administration
Vietnam
John Erlichman
Richard Nixon
95Th Congress
Nuclear report threatens nuclear power foes and rule tweaks
A secret pres presidential blue‑ribbon commission headed by John Kemeny cautions the Three Mile Island fiasco exposed operator incompetence and lax NRC licensing. It highlights weak training, poor oversight, and unfiltered foreign data, signaling tougher regulation and ongoing safety debates.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
Three Mile Island
Harrisburg
Seabrook
N.H
Jimmy Carter
Presidential Commission
Dartmouth
John Kemeny
Kemeny
White House
Kemeny Commission
Nuclear Regulatory Commission
NRC
Christoph Szechenyi
Commission
Regulatory Commission
Beznau
Switzerland
James Cresswell
David Besse
Toledo
Ohio
Tennessee Valley Authority
TMI
Carter
Dom Marco
Montauk
N.Y. A
United States
Washington, D.C
Editorials Has promises, does travel By Don Graff
Carter visited New York to press a $50 billion plan over ten years to revitalize transit funded by a windfall profits tax on oil firms. The piece notes the scope exceeds prior mass transit spending and questions implementation. It warns that actual reform requires beyond cosmetic changes, including commuter rail and maintenance of rolling stock. The editor doubts the political path through Congress and suggests New Yorkers hope for real delivery.
MENTIONED IN THIS ARTICLE
Don Graff
Jimmy Carter
New York
America
Carter
Amtrak
Congress
White House
Ng Town Meeting
Connally uses trade critique to push presidential bid
In Manchester and Concord New Hampshire, John B. Connally attacked protectionist policies and warned of a 28.5 billion dollar trade deficit while criticizing Washington and foreign firms. Analysts note his stance simplifies a complex issue and contrasts with broader calls for export promoting policies.
MENTIONED IN THIS ARTICLE
Manchester
N.H
Nea
John B. Connally
Exchange Club
U.S
Washington
Connally
Concord N.H
Also Mentioned on This Page
Kondratieff
Jerry Brown
Jerry
Etia Hulme
Fotr Work Star Telegram
Aqouine
Merry
Japan
Connaily
Sony
San Diego
John L. Moore
Export-Import Bank
Frank Weil
Commerce Department
Robert S. Strauss
Sen
Adlai E. Stevenson
D-Ill
Keene
Martha Angle and
Robert Walters
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