Word: central
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...does a University which has as its motto "Veritas" or "Truth" put up with an object which in and of itself embodies three patent falsehoods? Because, dear friends, the real motto of Harvard is "Appearances." There is supposed to be some kind of statue languishing in a central place on every Ivy league campus so that tourists will have something to pose in front of and students will have something to deface. Harvard was founded by an act of the Massachusetts colonia; legislature, but it seized upon John Harvard as a convenient norminal founder, and used him as an excuse...
...Sell more Treasury gold, and try to persuade other governments to dump some of their hoards. Gold sales by the Treasury and the International Monetary Fund so far have been too small to affect the price much. The world's central banks and the IMF hold 40,000 tons of gold, about half the total ever mined. If a significant amount were thrown onto the market, the price would be knocked down hard, perhaps to $100 an ounce or so. As the dollar gained in value against gold, it might also rise against foreign currencies as well. But central...
...rising demand has collided with a steadily dwindling supply, sending prices rocketing. Though nearly all the gold ever mined (some 80,000 tons) is still around, most of it is either locked away in vaults of central banks or stashed in private hoards. Buyers essentially must bid against each other to purchase newly mined gold-and production in South Africa, the leading mining nation, fell to 700 tons last year, 30% less than in 1970. Moreover, makers of jewelry and industrial products are expected to snap up about 70% of what new gold does become available this year, leaving still...
...reserve asset-on the reasonable ground that the volume of world trade and investment should not depend on how much of a yellow metal can be dug out of the ground in South Africa. But the price rise is renewing gold's glitter in the eyes of central bankers. Australia, Italy, France and The Netherlands, all financial allies of the U.S., have revalued their gold holdings from the old official rate of $35 an ounce to the prevailing market price, thus multiplying the value of their reserves with the scratch of a pen. The U.S., which has not joined...
...Manhattan's Central Park last May, Judy Lynn, 33, a former yoga instructor, opened the Good Skates, with 200 pairs of polyurethane-wheeled skates for rent at $2 an hour. There are waiting lines at her concession on weekends and on Tuesday nights, when city roller fans join in "Nightskates," a two-hour jaunt through the park. Last week they pirouetted and coasted to music from the New York Philharmonic's open-air concert near by. At lunch hour, regulars glide along the park's winding paths, lapping the joggers. Some of the joggers are in fact...