Word: centrally
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...their decision to leave the official price intact while abandoning the gold pool, the seven nations pulled a 24-karat rug out from under the hoarders. As Zurich Banker Hans J. Baer put it: "The central banks are saying to the speculators: 'Take it to the dentist.' ! With the London gold market, the world's largest, closed until April 1, the demand for gold dropped abruptly last week in smaller markets elsewhere. In Zurich, gold bars that brought $43 per oz. at the start of the week sold for $39.25 by week's end. In Paris...
...more, as some European moneymen predict, it may tempt some nations to sell official gold for the profit. Hoping to prevent that, the U.S. last week made it clear that its gold window will be shut to governments that refuse to cooperate with the new system. Could a central bank dump gold on the free market secretly? "Impossible," insisted German Bundesbank President Karl Blessing. "It would become known in twelve hours at the latest...
Though they sprang it on speculators as a surprise, central bankers had been quietly discussing the shutdown of the London gold pool and the move to the split-price system since British devaluation. Italy and Belgium, restive at the growing drain on their reserves, remained in the pool only at U.S. prodding. Timing the switch presented delicate problems. By waiting for repeal of a 1945 law requiring a 25% gold backing for the currency, the U.S. could muster another $10.4 billion of gold for the defense of the dollar abroad. By discomfitingly small margins, the measure squeaked through Congress just...
Afghanistan, Algeria, Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Burma, Burundi, Cameroon, Canada, Central African Republic, Ceylon, Chad, Chile, China, Colom bia, Congo, Congo (Brazzaville), Costa Rica, Cyprus, Dahomey, Den mark, Dominican Republic, Ecuador, El Salvador, Ethiopia, Finland, France, Gabon, Gambia, West Ger many, Ghana, Greece, Guatemala, Guinea, Guyana, Haiti, Honduras, Iceland...
...their criticism of "churchianity," leaders of the underground deny that they are out to destroy the church as a central community of faith. What they really want to do is reform it drastically, divest it of rigid structure, authoritarianism, senseless dogma and suffocating ritual, which the dissidents feel bear little relation to true Christianity. What the rebels are seeking, says Boyd, is a church that "will be seen less and less as a building on a corner, to be visited to indulge in a period of 'magic'. Smaller Christian communities will replace larger ones; clergy will be employed...