Word: cautious
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Dates: during 1970-1979
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...newly rich OPEC countries, concerned that Americans might think of such investments as attempts to use oil profits to "take over" the U.S., tend to make "passive" investments-in Treasury bills, bank deposits and corporate securities. The Saudis, who invested $14 billion in U.S. securities in 1976, are especially cautious. Explains Abdel Aziz Qoreishi, governor of the Saudi Arabian equivalent of a central bank: "We consider our surplus only temporary. We expect to bring the money home as our development plans get into high gear...
...persuasive. An audience of 200, largely summer seminarians and institute fellows, had a chance to offer their views. One black charged that "this is a discussion of the concept of nothing"; real democracy, he argued, did not exist anywhere. Some of the auditors criticized all three philosophers for being cautious and too far to the right; others asked whether civil disobedience should be taught in schools (answer: a qualified "sometimes" from Adler...
...lots and fast-food outlets. The tapes reveal a vengeful Yarbrough considering a murder contract on Bill Kemp, who had been given immunity from prosecution in return for testimony about Yarbrough's role in a 1974 fraud scheme. At the final meeting on June 10, however, Yarbrough turned cautious: "This is not the time to do it. The FBI is investigating me for all sorts of things. They're closing in. Forget about Kemp and all those other people right...
Drawing conclusions about the court's past term is not easy. The Justices' drift tends to be rightward, favoring property rights and turning cautious in providing redress for the poor. The court generally opposes judicial activism, favoring legislative settlement of conflicts. This year, at least, it has made no real landmark decisions, and law professors tend to judge it harshly. "The court is without leadership." says the University of Chicago's Philip Kurland. "It's run by a five-man center" (Stewart, White, Blackmun, Powell and Stevens). The University of Virginia's A.E. Dick Howard...
Certainly the union does not lack enthusiasm. After last Thursday's balloting, as Powers was flashing a cautious victory smile and hustling past a dejected Sullivan and her supporters, a union backer called after him, "We'll be back next year Ed--same time, same channel." Powers, Steiner, and the others known that-but they cannot be sure next year will bring the same result...