Dollar in global economy still drives world despite weak value
An analysis argues the U.S. dollar remains the world’s key reserve and paid out in deficits. It explains how dollar injections fund oil buyers and trade partners, keeping the currency alive even as it loses scarcity prestige, and weighs risks of policy tightening.
MENTIONED IN THIS ARTICLE
J.A. Livingston
Philadelphia Inquirer
United States
U.S
Monte Carlo
Las Vegas
Wilton Park
England
British Foreign Office
Andor Koritz
West Berlin
Germany
Federal Reserve System
Our Opinions College Budget Raises Questions About Quality
The state appropriated 960 million for colleges and universities with minimal controversy. Governors and IBHE praise the deal, but educators warn cuts may follow, threatening programs, staff, and access as costs rise for students and families.
MENTIONED IN THIS ARTICLE
Thompson
IBHE
Illinois eyeing statewide public television network
Illinois explores creating a state wide public television system through the Public Broadcasting Council and the Illinois Board of Higher Education. A $25,000 grant supports study while the IBHE seeks $4.5 million from the General Assembly to fund construction.
MENTIONED IN THIS ARTICLE
Illinois
State
Public Broadcasting Council
Illinois Board of Higher Education
Illinois Humanities Council
IBHE
General Assembly
Dollar Struggles Mark 1970s as Trade Deficit Grows
Editorial notes the dollar's decline through the 1970s amid rising U.S. trade deficits and inflation. It cites a jump from a $9 billion to $31 billion deficit from 1976 to 1977, with import spending surging and exports lagging. It argues for greater foreign burden-sharing and measures to curb inflation.
MENTIONED IN THIS ARTICLE
William V. Thomas
Washington
U.S
U.S. State Department
America
Sidney Lens
United States
Treasury Department
International Monetary Fund
H. Johannes Witteveen
West Germany
Japan
Roth Kemp bill and Steiger Amendment urged by citizen letter
John J. McCarty of Herrin calls on Congress to pass both the Roth Kemp bill and the Steiger Amendment. He argues their enactment would cut income taxes about one third over three years and cap capital gains at 25 percent, with committee and senate action noted.
MENTIONED IN THIS ARTICLE
Southern Illinoisan
U.S. Congress
Roth-Kemp
Steiger
House Ways and Means Committee
Roth- Kemp
Senate
Tax Incentives in Inflation Fight Stir Senate Hearings
Experts at a Senate Banking Committee hearing warned that inflation remains the core worry for policymakers as 1978 first-quarter data showed prices rising 9.3 percent annually. They debated a new approach called tax-based income policy TIP, proposed by Sen. Proxmire, to influence price and wage setting, while acknowledging no consensus on which government policies to alter.
MENTIONED IN THIS ARTICLE
Christopher R. Conte
Congressional
Senate Banking Committee
Committee
William Proxmire
D-Wis
Proxmire
Carter
Henry C. Wallich
Board of Governors
Federal Reserve System
Wallich
Barry Bosworth
U.S. Council On Wage and Price Stability
David Lilly
Federal Reserve System Board of Governors
Brookings Institution
Arthur M. Okun
Senate
Okun
TIP plan to curb inflation via wage controls debated
Economists dissect inflation momentum and the potential TIP remedy. Okun favors a carrot and stick mix with wage credit and penalties, while critics warn of administration shocks and misaligned wage guides. Carter supports voluntary moderation and lawmakers weigh admin costs and effectiveness.
Also Mentioned on This Page
Supreme Court
U.S.S
J. A. Livingston
The
Switzerland
U.S. Treasury
Higher Education
Board of Higher Education
States
Iowa
Maryland
James Thompson
Michael Bakalis
Wisconsin
New York
Los Angeles
Pace
Federal Reserve Board
Treasury
Canada
J-A. Livingston
Roth-Kemp Bill
John J. McCarty
Herrin
Tip
University of Pennsylvania
Sidney Weintraub
Princeton University
Albert Rees
Southern Illinois
Lindsay-Schaub
John C. Gardner
William B. Cox Jr
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