Word: central
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Dates: during 1960-1969
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Student and Faculty representation on the Board of Overseers would not radically alter the balance of power in the University. Through Harvard's history, power has continually been shifted from the central administration to the various faculties. Decentralization, which has for the most part been a beneficial development, would not be reversed if the Board of Overseers were democratically opened to all persons connected with the University...
...power which still resides in the central University would remain primarily in the hands of the President, who works closely with the Corporation on day-to-day business. The Board of Overseers is essentially an advisory body, but it has a legitimacy which a group like the Student-Faculty Advisory Council does not have because the Overseers are responsible for appointing the people they are advising...
...nations become increasingly linked to an international currency, and as they exploit their comparative advantages and trade comprises a larger share of their total product, they will become increasingly vulnerable to the kind of economic sanctions a central bank is capable of applying. The ability of a nation to long defy world opinion or conduct itself in a manner a majority of other nations think improper (the U.S. in Vietnam or South Africa and Southern Rhodesia within their border), would be significantly reduced...
What will gradually evolve is a world central bank more or less analogous to the Federal Reserve System, with power over individual nations similar, if not so complete, to the power the Fed has over member banks. It may be 20 or 30 years before the nations of the world will realize that their economic autonomy has been seriously compromised, that in fact it no longer exists. At that point, if not sooner, the nations will develop some sort of political control over the system...
...there were. Some press accounts claimed 7,000 students had entered the state. Mary McCarthy told reporters it was more like 9,000. In Indianapolis alone, there were 2,500 of us. All Friday night, reports kept reaching headquarters of groups still due to arrive: some kids from central Massachusetts, flying half fare, had been bumped in New York, a bus had broken down in Ohio. At midnight, they were still trying to house 300 unexpected volunteers...