Word: aid
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Dates: during 1970-1979
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...typical family, the Caponis, putting five children into private schools was impossible. Sabato Caponi, a high school junior, was missing school work that he needed to prepare for his regents exams, which in New York state qualify students for college scholarship aid. His solution was to board with his grandparents in Valley Stream (30 minutes away) and attend the high school there. But to do that the Caponis had to make their son the ward of his grandparents. 'I didn't like the idea of signing over the guardianship papers," says Rae Caponi, Sabato's mother...
...pursuit of modernization, China is now willing to accept the aid of the capitalist West. Last week alone, the Chinese negotiated a series of deals with the Western world that would have been inconceivable under Mao. At the Canton Trade Fair, Peking's main foreign trade showcase, the Chinese sold approximately $1 billion in goods to foreign countries, while their purchases amounted to about $600 million. According to the National Council for U.S.-China Trade, American businessmen sold the Chinese some $83 million in commodities, mostly industrial chemicals, and bought $62 million worth of textiles and arts and crafts...
McIntyre was an extremely cautious Senator, hesitating before opposing the White House even when it was in Republican hands. On the Armed Services Committee, he supported military aid to Saigon during the Viet Nam War. But he also favored trimming expensive new weapons programs like the Navy's Trident missile...
...pretty thin," says Whitman. Yet she believes that corporate moneymen will rush to buy dollars as soon as they become convinced that the U.S will stick to a clear-cut economic policy. In Whitman's view, the Administration's dollar-revival plan consists of one Band-Aid and one magic bullet. The move to big intervention-selling gold, buying dollars-will barely patch a scratch. But the shift to tighter money, she believes, will be the real cure for the dollar's debilities. The trouble is, the early side effects will be bad: higher interest rates, which...
Protectionist pressures may intensify because South Korea, Hong Kong, Taiwan and Singapore are becoming new Japans. Their advances have been nurtured by the West's aid, so it would be doubly tragic if the West tried to throttle them with tariffs and quotas. If protectionism bursts out, Whitman warns, "the worst casualties would be the least well-off countries. The industrialized countries would muddle through. But all economies would grow more slowly, and that would exacerbate the issue of income distribution. It's a lot easier to redistribute a growing pie than a stagnant...