Word: central
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...paradox of dance choreography is that the audience is often unlikely to grasp the subject of the dance; but without a strong central theme, even if it is unperceived, the audience is likely to be bored. The pleasure one feels at a dance performance comes when he or she is immersed in the movement of the dancers. To a large extent, the success of a dance hinges on the interaction of thematic content with movement...
...record as a point of historical significance insofar as the Soviet Union claims to champion the Arab cause. Soviet satellites did keep a watch over the battle from the start, for Syria had informed the Soviet Union of Zero Hour. The recordings made were played to the [Soviet] Central Committee. I asked for a copy of that videotape but have received no reply to this day and won't receive any. Israel, even without demanding it, received hourly information from the Pentagon, provided until this moment by the American satellite. The United States was only too willing to supply...
...system by fighting a war in Viet Nam without raising taxes early on or cutting domestic spending to pay for it. That policy spurred inflation at home, sucked in imports from abroad, and sent dollars pouring overseas by the billions. Under the rules that then applied, foreign central banks had to buy up any greenbacks that private traders did not want, and this merely spread the inflation disease to the U.S.'s trading partners. Governments everywhere screamed that the U.S. was forcing them to pay indirectly the inflationary price of financing a war that they abhorred, but Washington ignored...
Finally, the U.S. should announce, and carry out, a program of aggressively buying up dollars, borrowing all the foreign currency it can from central banks to make the purchases. Such intervention alone would not shore up the dollar for long; it would succeed only if backstopped by effective energy and anti-inflation policies. But it probably is essential to break the psychology of fear that has gripped exchange markets...
Restoring confidence in the dollar will be a long process, but it must be started. Washington's handling of its role as the world's central banker is a matter of both substance and style, and for too long the U.S. has paid only passing attention to how the rest of the world sees its actions from either perspective. The perils of the U.S.'s ignoring its responsibilities go beyond economic stability, vital as that is. Just as war is too important to be left to generals, international finance has become too essential to be entrusted...