Word: borrowers
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Dates: during 1970-1979
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...persuaded Carter to make a statement on Dec. 21 that the U.S. would intervene if necessary to keep exchange markets orderly. That had only a momentary stabilizing effect, so Blumenthal decided to draw on a portion of the approximately $20 billion worth of foreign currencies that the U.S. can borrow from other countries under long-standing "swap" agreements. Such borrowings permit a country to buy up a specific quantity of its own currency without dipping into official reserves. Blumenthal discussed the plan several times with outgoing Federal Reserve Chairman Arthur Burns, a longtime worrier about the dollar, while both were...
When it comes to money, Britain's problem for years has been where and how to borrow enough to keep its rickety economy going. Now the British government faces exactly the opposite question: how best to spend the $40 billion or so that will flow into the national treasury in the next seven years. That is obviously a happy problem, but a problem nonetheless: while a right decision offers Britain the chance at last to break decisively out of the cycle of ravaging inflation and high unemployment in which it has been trapped, a wrong choice could keep that cycle...
Schumann: Sonatas Nos. 1 and 2 (Pianist Lazar Berman, Columbia/Melodiya). Rachmaninoff: Piano Concerto No. 3 (Pianist Lazar Berman, London Symphony Orchestra, Claudio Abbado conductor, Columbia). Liszt: Annees de Pelerinage (Pianist Lazar Berman, Deutsche Grammophon; 3 LPs). More product, to borrow the record-company jargon, from the pianist who burst out of Russia two years ago and has been a one-man industry ever since. The less said about Berman's Schumann the better: he simply does not feel the music. No problems with the Rachmaninoff. Here is the fabled Berman technique operating with all its power, speed and subtlety...
Upon closer examination, however, the new shows prove to be quite unlike the older ones whose formulas they borrow; plots and characters may be similar, but the message they deliver is not. ABC's blockbusters are downright obsessed with two subjects-youth and sex-that were never too important to earlier successful series. Obviously this twin fixation strikes a popular chord-for the Tuesday night hits win every age group in the Nielsen survey. The America they reflect is younger and sassier than the one that once embraced Lucy and Dobie. Happy Days'frantic pace...
...Elliott know they think he's an O.K. dragon. Like most of the other big song-and-dance routines, this one offers a good opportunity to line up for more popcorn. Otherwise, Pete's Dragon is likable fantasy. There will be adult viewers who would like to borrow Elliott for a while in order to scare a little appreciation and respect from an uncaring world. John Skow