Word: asset
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Dates: during 1960-1969
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Reimer's attorney argued that "a child is not a liability, but rather a joyous event. A child is an asset that brings happiness fully compensating for any material damages." Last month a court in Schleswig-Holstein disagreed. While declaring that the Knacks had "a general responsibility to check what they bought," the court ruled that Reimer was negligent and ordered him to pay half the cost of the boy's upbringing until Thomas reaches 18. "Grotesque," said Reimer's attorney about the decision, which appeared to be the first of its kind either in West Germany...
...candidate, Richard Nixon left frustratingly vague the precise foreign-policy lines he might pursue. As President, Nixon may find that lack of commitment something of an asset. Pinned down by few definite pledges, he will have considerable latitude in filling the blank sheet. The world's leaders are well aware of this. Moscow, though initially suspicious of Nixon, is already dropping hints about renewing U.S.Soviet arms-control talks. More surprisingly, Peking last week proposed reopening the Warsaw talks with the U.S. on Feb. 20; the meeting would be the first between the two countries in 13 months...
...missiles designed to carry them were only of modest size. The Russians, who were behind in nuclear technology, had only more primitive and massive warheads to use; they were forced to build enormous rockets to loft them. But the Soviet's military liability eventually became a prime scientific asset. By 1961, when President Kennedy proclaimed a national goal of landing men on the moon before the end of the decade, the Soviets had already used huge rockets to blast far ahead of the U.S. In September 1959, only two years after they successfully orbited Sputnik 1, the Soviets...
Springfield, defending champion in the New England League, does have some talent, however. The Chiefs' major asset is depth, but there are a few outstanding swimmers. Co-captain Dennis Sbrega is the New England 200-yard butterfly champion, and junior Tim Meyer is on his way to becoming the fastest freestyler even at Springfield. The meet will be in the new 50-meter Linkletter Naratorium at Springfield...
They agreed that gold would remain the primary international asset by which nations settle their debts with one another. The U.S. dollar, then backed by 57% of the free world's nationally held supply of gold, would be the key currency. Under that arrangement, then and today, other nations value their money in terms of the U.S. dollar, which is itself valued in terms of gold. The dollar's acceptability in world finance rests on the U.S. Treasury's pledge to redeem dollars held by foreign governments for gold at an unchanging...