Word: bolstered
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After a Bundestag debate, the Grand Coalition of Christian Democrats and Socialists decided to take a few short-range measures to bolster Berlin somewhat, to encourage investment in the city and arrange for more air travel to and from it. Meanwhile, West Germany's NATO allies agreed to ban many East German businessmen and officials from their countries and to levy a $5 fee on travel documents for other East Germans visiting Western Europe. The steps were mild enough, but they were all the West seemed prepared to do for now to counter the new threat to the continued...
...retroactive to January 1 for corporations and to April 1 for individuals, should garner $10 billion in a calendar year to offset a deficit that could run as high as $25 billion - even after the cutback in expenditures - and bolster sagging international confidence in the dollar. During the second quar ter of 1968, the U.S. economy is expected to equal the first quarter's $20 billion leap forward in gross national product. With no rein on the economy, Johnson reasoned, inflation could lop 40 off every dollar's purchasing power during the year and help price U.S. exports...
...will be at least a year before Britain can take part in the West German-led resurgence. Meanwhile, Britain-like its neighbors across the Channel-will be watching the U.S. to see how it acts to balance its payments and bolster its economy (see THE NATION). For any cutbacks in foreign investment by U.S. firms, or a more aggressive export policy, would be felt immediately everywhere in Europe...
...hope of forestalling border taxes and surcharges, West Germany has pressured the Common Market to speed up its own Kennedy Round tariff cuts without corresponding acceleration by the U.S. Such action would bolster the inflation-shrunk U.S. trade surplus by hundreds of millions of dollars over the next 31 years. So far, France has blocked agreement inside the EEC, but Common Market ministers will tackle the question again this week in Brussels. Hard-pressed Britain has announced that it is willing to grant full Kennedy Round cuts by next Jan. 1 instead of holding to the original five-year timetable...
...part of its continuing efforts to bolster the pound, Britain last month imposed a severe tax on all investment income exceeding $7,200. Though Brit ons have grown accustomed to bitter fiscal medicine, that dose has been particularly hard to swallow. Reason: the special one-year measure carries the country's progressive taxation to the point of confiscation, resulting in a tax bite that can, in higher income brackets, amount to more than...