Word: accept
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Dates: during 1960-1969
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Baldwin's crucial point--"one that seems impossible for you to understand," he said to a group in Cambridge recently--is that the white world has not yet been able to accept the Negro as a fellow human being. This is because "The white man's unadmitted--and apparently, to him, unspeakable--private fears and longings are projected onto the Negro." It is this attitude that pervades the rest of the essay, explaining Baldwin's attraction to the Black Muslims, his reasons for rejecting them (because "I love a few people and they love me, and some of them...
...prose. On one page, for instance, Baldwin insists that white Americans, equating Europe with "civilization," envied those "more elegant European nations that were still untroubled by the presence of black men on their shores." Yet, he continues, if we are not to share in Europe's decay we must "accept ourselves as we are, bring new life to Western achievements, and perhaps transform them." Then this phase of the argument reaches a climax...
...bank. More millions poured directly into Switzerland through a network of front companies spread across the Continent. At least seven such fronts were set up in tiny, tax-haven Liechtenstein, and their funds were deposited in Swiss banks. When Swiss bankers were asked by the Dominican government not to accept Trujillo funds, two Geneva banks complied; on discovering the real name behind the numbered accounts, they gave Ramfis 24 hours to withdraw his deposit. But others were either less astute or cared little for a 1960 "gentleman's agreement" among Switzerland's bankers not to handle hot money...
That deficit would have been even greater had German exporters not pared their prices to the bone. Ruhr steelmakers have managed to hold their export customers only by charging lower prices outside the Common Market than within it. In Hamburg, the slumping shipyards glumly accept orders at below-cost prices rather than close down altogether...
...ease the mortgage market, savings and loan societies have grown up in the past two years. Unlike those in the U.S., the Argentine S & Ls accept deposits only from prospective borrowers. Each depositor makes monthly payments of from $15 to $60 toward a future mortgage loan of up to $18,000, then waits an average of three years to get it, at 12% to 14% interest (current mortgage rates in the U.S.: about 6%). Since the wait is pretty discouraging, the societies have tried to help a few, and stir up the curiosity of all, by means of a lottery...