Word: assets
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Some 35 economists specializing in stabilization under emergency conditions serve on OEP's staff, and their training was recognized as an invaluable asset for the current task. So, too, was the agency's reputation for moving quickly into a disaster area and getting out just as fast when a job was done. That sort of experience doubtless appealed to President Nixon, who at the moment has little intention of setting up a bureaucracy on the scale of the OPA, or even the Korean War wage-price control boards...
...serving notice that it will no longer cash in foreign-held dollars for gold bullion held at Fort Knox. Ever since 1944, when the present monetary system was devised at Bretton Woods, N.H., the dollar has had a special and internationally unique relationship to gold. Technically, gold is the asset by which nations pay their debts to one another. But practically, under the rules of the 118-nation International Monetary Fund, which evolved from the Bretton Woods conference, dollars are actually the medium of exchange through which nations settle those debts. The system was made possible by a promise from...
Huang's fluent, Oxford-accented English and quick wit have impressed Westerners. One Canadian diplomat describes him as "less stereotyped than most of his colleagues, who usually speak like editorials in a Peking daily." Moreover, he possesses an asset that is rare among Chinese diplomats: experience in dealing with Americans. This especially qualifies him for the "America watching" that is likely to be among his most important tasks in Canada...
Certainly one of the real reasons for the vote is that Kissinger-with his first-hand knowledge of how Nixon Administration decisions have been made-would be a valuable intellectual asset to the department. In a recent conversation, Huntington implied this reasoning by saying the department felt that "if he came back in a reasonable period, he'd be better than when he left...
Only on Newsstands. In reviving the Post, SerVaas opted for reminiscence over relevance on the grounds that familiarity was the magazine's prime asset. "We figure there are about 50 million people out there who have read the Post at one time or another and remember it," he explains. "I think that's a good base." The current quarterly Post has a modest press run of 550,000 and will be sold only on newsstands; the new postal-rate increases, in SerVaas' view, make subscriptions too expensive to service. Advertising for the 160-page first issue...