The Reform of October 1979: How It Happened and Why
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3/1980 Report
MARCH 1980 SURVEY March 28, 1980 Surveyso fConsume rAttitude s Richard T.Curtin , Director §> CONSUMER SENTIMENT FALLS TO NEW RECORD LOW LEVEL **In the March 1980 survey, the Index of Consumer Sentiment was 56.5,dow n more than 10 Index-points from February 1980 (66.9) and March 1979 (68.4), and represents the lowest level recorded in more than a quarter-century. At no time have consumers been more pessimistic about their ownpersona l financial situation or about prospects for the economy as a whole. Importantly, the major portion of these declines were recorded prior to President Carter's latest inflation message just 10 percent of the interviews were conducted after Carter's speech. **Among families with incomes of $15,000 and over, the Index of Consumer Senti ment was 51.3 in March 1980,dow n from 60.2 in February 1980, and 65.2i n March 1979. TheMarc h 1980 Index figure of 51.3 is below the prior record low of 53.6 recorded in February 1975. **New record low levels recorded in March 1980include : *Near1y half (48 percent) of all families reported in March 1980 that they were worse off financially than a year earlier, twice the propor tion whoreporte d an improved financial situation (24 percent). *Three-in-four respondents (76 percent) expected bad times financially for the economy as a whole during the next 12 months, while just 14 percent expected improvement. ^Interest rates were expected to increase during the next 12 months by 71 percent of all families in March 1980an d the highest rates of expected inflation were recorded during early 1980, with consumers expecting inflation to average 12% during the next 12 months. -
What Have We Learned Since October 1979?
Panel Discussion I Moderation.” Recessions have become less fre- What Have We Learned Since quent and milder, and quarter-to-quarter volatility October 1979? in output and employment has declined signifi- cantly as well. The sources of the Great Moderation Ben S. Bernanke remain somewhat controversial, but, as I have argued elsewhere, there is evidence for the view he question asked of this panel is, that improved control of inflation has contributed “What have we learned since October in important measure to this welcome change in 1979?” The evidence suggests that we the economy (Bernanke, 2004). Paul Volcker and have learned quite a bit. Most notably, his colleagues on the Federal Open Market Com- Tmonetary policymakers, political leaders, and mittee deserve enormous credit both for recogniz- the public have been persuaded by two decades ing the crucial importance of achieving low and of experience that low and stable inflation has stable inflation and for the courage and persever- very substantial economic benefits. ance with which they tackled America’s critical This consensus marks a considerable change inflation problem. from the views held by many economists at the I could say much more about Volcker’s time that Paul Volcker became Fed Chairman. In achievement and its lasting benefits, but I am sure 1979, most economists would have agreed that, that many other speakers will cover that ground. in principle, low inflation promotes economic Instead, in my remaining time, I will focus on growth and efficiency in the long run. However, some lessons that economists have drawn from many also believed that, in the range of inflation the Volcker regime regarding the importance of rates typically experienced by industrial countries, credibility in central banking and how that credi- the benefits of low inflation are probably small— bility can be obtained. -
Development of Sirococcus Shoot Blight Following Thinning In
This file was created by scanning the printed publication. Text errors identified by the software have been corrected; however, some errors may remain. United States Department of Development of Sirococcus Agriculture Forest Service Shoot Blight Following Thinning in Pacific Northwest Forest and Range Western Hemlock Regeneration Experiment Station Research Note Charles G. Shaw III, Thomas H. Laurent, and PNW-387 May 1981 Spencer Israelson Abstract Shoot mortality from Sirococcus strobilinus Preuss. and other causes was recorded by crown position from April 1978 through October 1979 in young- growth western hemlock [Tsuga heterophylla (Raf.) Sarg.] crop trees released in a 1977 thinning at Thomas Bay, Alaska. All study trees contained some infected shoots, but no terminal leaders were killed by shoot blight. On individual trees, the number of shoots killed by S. strobilinus between April 1978 and October 1979 was significantly correlated with the level of shoot blight mortality present in April 1978. Disease occurrence was highest in the lower crown, but differences in the level of shoot mortality between lower, middle, and upper crown locations were not significant. Disease occurrence during 1978 and 1979 was markedly lower than that in 1976 and 1977. After thinning, shoot blight appears to be causing little damage to hemlock crop trees; suggesting that thinning operations can proceed at Thomas Bay with confidence that the selected crop trees will suffer little, if any, damage from the disease. Keywords: Shoot blight, diseases (plant), western hemlock, Tsuga heterophylla Alaska (Thomas Bay). Introduction Western hemlock [Tsuga heterophylla (Raf.) Sarg.] regeneration in southeast Alaska is commonly attacked by the shoot blight fungus, Sirococcus strobilinus Preuss. -
Nova News, October 1981 Nova University
Nova Southeastern University NSUWorks Nova News NSU Early Publications 10-1-1981 Nova News, October 1981 Nova University Follow this and additional works at: https://nsuworks.nova.edu/nsudigital_novanews NSUWorks Citation Nova University, "Nova News, October 1981" (1981). Nova News. 83. https://nsuworks.nova.edu/nsudigital_novanews/83 This Newsletter is brought to you for free and open access by the NSU Early Publications at NSUWorks. It has been accepted for inclusion in Nova News by an authorized administrator of NSUWorks. For more information, please contact [email protected]. ----------~----------------~_r--~F~... om Nova University October 1981 Center for Science and Engineering Created at Nova In March 1980, Nova University began undergraduate programs in electrical engi neering and computer science. Comm unity response was so intense that soon additional under- ' graduate programs in math and com puter systems were developed. Because of the response and fur ther needs identified in the commun ity, " It seemed only appropriate to draw the number of programs to gether into one center," said Dr. Abraham Fischler, president of the Uni versity. Dr . Anna Mae Walsh Burke has been appoin ted director of the new center, which, in addition to the undergraduate programs offered, also lists a master of science with a major in computer science. Current ly, the center is developing a masters Dr. Anna Mae Walsh Burke in electrical engi neering. Local industry is drawn upon by Dr. Burke points out that al ready the center for adjunct fac:Jlty. Com the new center has de veloped an elec panies such as Mo torola, Syste[l1s tronics laboratory and has the use of and Siemans are some of those. -
What Have We Learned Since October 1979? by Alan S. Blinder Princeton
What Have We Learned since October 1979? by Alan S. Blinder Princeton University CEPS Working Paper No. 105 April 2005 “What Have We Learned since October 1979?” by Alan S. Blinder Princeton University∗ My good friend Ben Bernanke is always a hard act to follow. When I drafted these remarks, I was concerned that Ben would take all the best points and cover them extremely well, leaving only some crumbs for Ben McCallum and me to pick up. But his decision to concentrate on one issue—central bank credibility—leaves me plenty to talk about. Because Ben was so young in 1979, I’d like to begin by emphasizing that Paul Volcker re-taught the world something it seemed to have forgotten at the time: that tight monetary policy can bring inflation down at substantial, but not devastating, cost. It seems strange to harbor contrary thoughts today, but back then many people believed that 10% inflation was so deeply ingrained in the U.S. economy that we might to doomed to, say, 6-10% inflation for a very long time. For example, Otto Eckstein (1981, pp. 3-4) wrote in a well-known 1981 book that “To bring the core inflation rate down significantly through fiscal and monetary policies alone would require a prolonged deep recession bordering on depression, with the average unemployment rate held above 10%.” More concretely, he estimated that it would require 10 point-years of unemployment to bring the core inflation rate down a single percentage point,1 which is about five times more than called for by the “Brookings rule of thumb.”2 In the event, the Volcker disinflation followed the Brookings rule of thumb rather well. -
The 22 September 1979 Vela Incident—Part II: Radionu- Clide and Hydroacoustic Evidence for a Nuclear Explosion”
SCIENCE & GLOBAL SECURITY ,VOL.,NO.,– https://doi.org/./.. The September Vela Incident: The Detected Double-Flash Christopher M. Wrighta and Lars-Erik De Geer b aUNSW Canberra, School of Physical, Environmental and Mathematical Sciences, Research Group on Science & Security, The Australian Defence Force Academy, Canberra BC, Australia; b(Retired) FOI, Swedish Defense Research Agency, and the Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organisation, Flädervägen , Upplands Väsby, Sweden ABSTRACT ARTICLE HISTORY On 22 September 1979 two optical sensors on U.S. satellite Vela Received March 6911 detected a double-flash of light that appeared characteristic Accepted October of an atmospheric nuclear explosion conducted over the south- ern Atlantic or Indian Ocean. It became known as the Vela Inci- dent, Event 747, or Alert 747. An anomaly between the amplitude of the two signals during the second pulse led a U.S. govern- ment expert panel established to assess the event to conclude in mid-1980 that a more likely explanation was the impact of a small meteoroid on the satellite, the debris from which reflected sunlight into the sensors’ field of view. No model was presented to support the contention, and a similar anomaly—known as background modulation—was a given for the second pulse of all confirmed explosions detected by Vela, though beginning later. Nonetheless, this event has remained the subject of intense debate. This article reviews the evidence and presents an updated analysis of the original Vela signal based on recently declassi- fied literature and on modern knowledge of interplanetary dust and hyper velocity impact. Given the geometry of the satellite, and that the bulk of the surface comprised solar panels, much of the debris from any collision would be carried away from the sensors’ field of view. -
SEPTEMBER, 1979 W Ill We Let Mr
IBLICATION OF THE INTERNATIONAL WOMEN PILOTS ASSOCIATION SEPTEMBER, 1979 W ill We Let Mr. Bond Kill Aviation?? By Louise Sacchi Until now aviation has always been a areas of the aviation community. monies that Mr. Bond wants for the fragmented industry--airline pilots, The Pilots’ Lobby is composed principally implementation of the NPRM. The Senate corporate pilots, charter pilots, owner of Henry Pflanz who is an ATR. FAA has already thrown this appropriation out of pilots, agricultural pilots, sports pilots, Examiner with 10,000 hrs. He left his their version. There is also HR 3480 which military pilots, air traffic controllers -each position as staff aide to the House Aviation says that the FAA may not change the has seen their needs from a different Subcommittee of the Public Works and criteria for any positive control airspace prospective. Transportation Committee to start it from what it was in 1973. Mr. I.anghorne Bond and his N PRM 78- because he felt so strongly about the However, we must not underestimate Mr. 19 has changed all that. Now. all segments of situation. The other chief member is Allan Bond! He has had “informal" meetings held the aviation community have joined Landolt. a former Navy pilot who holds around the country to tell us what his new together in opposition. All pilots of Commercial & Instrument with 3,500 hrs. TCAs and TRSAs will be like, and on July whatever group and the controllers agree Allan was head of the Illinois Dept. 20 promulgated another NPRM 79-SO-36 that this multiplication of positive Aeronautics for some years and more for the new and vastly expanded TCA at controlled airspace is extremely hazardous recently the Administrator for General Atlanta. -
Floods in South-Central Oklahoma and North-Central Texas October 1981
FLOODS IN SOUTH-CENTRAL OKLAHOMA AND NORTH-CENTRAL TEXAS OCTOBER 1981 By Harold D. Buckner and Joanne K. Kurklin U.S. GEOLOGICAL SURVEY Open-File Report 84-065 Austin, Texas 1984 UNITED STATES DEPARTMENT OF THE INTERIOR WILLIAM P. CLARK, Secretary GEOLOGICAL SURVEY Dallas L. Peck, Director For additional information For sale by: write to: District Chief Open-File Services Section U.S. Geological Survey Western Distribution Branch 649 Federal Building U.S. Geological Survey, MS 306 300 E. Eighth Street Box 25425, Denver Federal Center Austin, TX 78701 Denver, CO 80225 Telephone: (303) 234-5888 II CONTENTS Page Abstract 1 Introduction- 2 Meteorological setting and precipitation distribution 4 Description of floods- 7 Red River basin 20 Trinity River basin- 25 Brazos River basin 28 Flood damages 33 Oklahoma 33 Texas- 33 Explanation of station data 36 References cited- 37 Supplementary data 38 III ILLUSTRATIONS Page Figure 1. Map showing area of flooding in Oklahoma and Texas with location of flood-determination points 3 2. Map showing surface front, upper level trough line, and jet- stream on October 11, 1981 5 3. Map showing surface front, upper level trough line, outflow boundary, jetstream, and path of Hurricane Norrna- 6 4a-f. GOES enhanced infrared and visual imagery pictures showing track of Hurricane Norma across Mexico and Texas: a. 1:30 a.m. c.d.t., October 12, 1981 8 b. 5:00 a.m. c.d.t., October 12, 1981 9 c. 9:30 a.m. c.d.t., October 12, 1981 10 d. 1:30 p.m. c.d.t., October 12, 1981 11 e. -
Day by Day Care Newsletter: October 1979 - June 1980 Center for Public Affairs Research (CPAR) University of Nebraska at Omaha
University of Nebraska at Omaha DigitalCommons@UNO Publications Archives, 1963-2000 Center for Public Affairs Research 1979 Day by Day Care Newsletter: October 1979 - June 1980 Center for Public Affairs Research (CPAR) University of Nebraska at Omaha Follow this and additional works at: https://digitalcommons.unomaha.edu/cparpubarchives Part of the Demography, Population, and Ecology Commons, and the Public Affairs Commons Recommended Citation (CPAR), Center for Public Affairs Research, "Day by Day Care Newsletter: October 1979 - June 1980" (1979). Publications Archives, 1963-2000. 75. https://digitalcommons.unomaha.edu/cparpubarchives/75 This Article is brought to you for free and open access by the Center for Public Affairs Research at DigitalCommons@UNO. It has been accepted for inclusion in Publications Archives, 1963-2000 by an authorized administrator of DigitalCommons@UNO. For more information, please contact [email protected]. VOLUME I, Number 1 October, 1979 LEAVES I like to rake the leaves Division of Continuing Education for Western Nebraska, Into a great big hump. part of the University of Nebraska system. Then I go. back a little way, Bend both knees, I don't have to introduce Marcia Nance and And jump! Jean Mellor to you because you know the good work that they have been doing. Marcia and Jean have agreed to continue on the team so you will see them at some of the workshops. They will be working with us through Kearney State which will represent us in the mid-state area. I'm Ginger Burch, coordinator of the Day Care Training and Service Program. We are really excited about the program this year. -
THE LUCAS CRITIQUE and the VOLCKER DEFLATION Olivier J
NBER WORKING PAPER SERIES THE LUCAS CRITIQUE AND THE VOLCKER DEFLATION Olivier J. Blanchard Working Paper No. 1326 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 April 19814 The research reported here is part of the NBER's research program in Economic Fluctuations. Any opinions expressed are those of the author and not those of the National Bureau of Economic Research. NBER Working Paper #1325 April 1984 The Lucas Critique and the Volcker Deflation ABSTRACT This paper examines, in light of the Lucas Critique, the behavior of the Phillips curve and of the term structure of interest rates after October 1 979. Itstarts with an informal account of the policy change and then discusses how we might expect these two relations to shift after such a change. It finds little evidence of a direct effect of the policy change on the Phillips curve, at least until 1982. It finds substantial evidence of a direct effect on term structure. Olivier J. Elanchard Department of Economics N. I. T. Cambridge, MA 02139 (617) 253—8891 The Lucas Critique and the Voicker Deflation by Olivjer J. Blanchard* Robert Lucas warned us in 1976 [1976] that our econometric modelswere, by their very design, likely to perform poorly in the face ofpolicy regime changes. The US econorny has in the last four years experiencedprecisely such a change, namely a change in monetary policy. Now is therefore a good time tostudy how two of the central macroeconometric equations, the Phillips curve and the term structure of interest rates, have fared during that period. -
WHCA Video Log
WHCA Video Log Tape # Date Title Format Duration Network C1 9/23/1976 Carter/Ford Debate #1 (Tape 1) In Philadelphia, Domestic Issues BetaSP, DigiBeta, VHS 90 ABC C2 9/23/1976 Carter/Ford Debate #1 (Tape 2) In Philadelphia, Domestic Issues BetaSP, DigiBeta, VHS 30 ABC C3 10/6/1976 Carter/Ford Debate #2 In San Francisco, Foreign Policy BetaSP, DigiBeta, VHS 90 ABC C4 10/15/1976 Mondale/Dole Debate BetaSP, DigiBeta, VHS 90 NBC C5 10/17/1976 Face the Nation with Walter Mondale BetaSP, DigiBeta, VHS 30 CBS C6 10/22/1976 Carter/Ford Debate #3 At William & Mary, not complete BetaSP, DigiBeta, VHS 90 NBC C7 11/1/1976 Carter Election Special BetaSP, DigiBeta, VHS 30 ABC C8 11/3/1976 Composite tape of Carter/Mondale activities 11/2-11/3/1976 BetaSP, DigiBeta, VHS 30 CBS C9 11/4/1976 Carter Press Conference BetaSP, DigiBeta, VHS 30 ALL C10 11/7/1976 Ski Scene with Walter Mondale BetaSP, DigiBeta, VHS 30 WMAL C11 11/7/1976 Agronsky at Large with Mondale & Dole BetaSP, DigiBeta, VHS 30 WETA C12 11/29/1976 CBS Special with Cronkite & Carter BetaSP, DigiBeta, VHS 30 CBS C13 12/3/1976 Carter Press Conference BetaSP, DigiBeta, VHS 60 ALL C14 12/13/1976 Mike Douglas Show with Lillian and Amy Carter BetaSP, DigiBeta, VHS 60 CBS C15 12/14/1976 Carter Press Conference BetaSP, DigiBeta, VHS 60 ALL C16 12/14/1976 Barbara Walters Special with Peters/Streisand and Jimmy and Rosalynn Carter BetaSP, DigiBeta, VHS 60 ABC Page 1 of 92 Tape # Date Title Format Duration Network C17 12/16/1976 Carter Press Conference BetaSP, DigiBeta, VHS 30 ABC C18 12/21/1976 Carter Press Conference BetaSP, DigiBeta, VHS 30 ALL C19 12/23/1976 Carter Press Conference BetaSP, DigiBeta, VHS 30 ABC C20 12/29/1976 Good Morning America with Carter and Cabinet Members (Tape 1) BetaSP, DigiBeta, VHS 60 ABC C21 12/29/1976 Good Morning America with Carter and Cabinet Members (Tape 2) Digital Files, Umatic 60 ABC C22 1/4/1977 Dinah Shore Show with Mrs. -
Country Term # of Terms Total Years on the Council Presidencies # Of
Country Term # of Total Presidencies # of terms years on Presidencies the Council Elected Members Algeria 3 6 4 2004 - 2005 December 2004 1 1988 - 1989 May 1988, August 1989 2 1968 - 1969 July 1968 1 Angola 2 4 2 2015 – 2016 March 2016 1 2003 - 2004 November 2003 1 Argentina 9 18 15 2013 - 2014 August 2013, October 2014 2 2005 - 2006 January 2005, March 2006 2 1999 - 2000 February 2000 1 1994 - 1995 January 1995 1 1987 - 1988 March 1987, June 1988 2 1971 - 1972 March 1971, July 1972 2 1966 - 1967 January 1967 1 1959 - 1960 May 1959, April 1960 2 1948 - 1949 November 1948, November 1949 2 Australia 5 10 10 2013 - 2014 September 2013, November 2014 2 1985 - 1986 November 1985 1 1973 - 1974 October 1973, December 1974 2 1956 - 1957 June 1956, June 1957 2 1946 - 1947 February 1946, January 1947, December 1947 3 Austria 3 6 4 2009 - 2010 November 2009 1 1991 - 1992 March 1991, May 1992 2 1973 - 1974 November 1973 1 Azerbaijan 1 2 2 2012 - 2013 May 2012, October 2013 2 Bahrain 1 2 1 1998 - 1999 December 1998 1 Bangladesh 2 4 3 2000 - 2001 March 2000, June 2001 2 Country Term # of Total Presidencies # of terms years on Presidencies the Council 1979 - 1980 October 1979 1 Belarus1 1 2 1 1974 - 1975 January 1975 1 Belgium 5 10 11 2007 - 2008 June 2007, August 2008 2 1991 - 1992 April 1991, June 1992 2 1971 - 1972 April 1971, August 1972 2 1955 - 1956 July 1955, July 1956 2 1947 - 1948 February 1947, January 1948, December 1948 3 Benin 2 4 3 2004 - 2005 February 2005 1 1976 - 1977 March 1976, May 1977 2 Bolivia 3 6 7 2017 - 2018 June 2017, October