Word: centrally
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Dates: during 1960-1969
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...place of importance. His fleet ranks in the top troika of Russian weaponry, alongside the ICBM command, a separate service in the Soviet setup, and the air force strategic bombers. In the chain of command, Gorshkov reports directly to the Defense Ministry. He was elected to the Central Committee in 1961, became a Hero of the Soviet Union in 1965 and was promoted last year to the exalted five-star rank of Admiral of the Fleet of the Soviet Union, only the third to get that honor in the history of the Soviet navy...
...source of allied discontent is plain. The winding 400-mile boundary is, from a Communist point of view, delightfully permeable. At its northern end, opposite Vietnam's central highlands, it runs through deep tropical jungle, uninhabited and immune to air observation. Its southern reaches, along the Mekong River, are under five feet of water during the monsoons...
...never thought of that" (a remarkable reaction from a man who seems to have thought of more than anyone else) and goes on to speculate on why verse is somehow sadder than a prose treatment of the same subject, and on what the opposite of a labyrinth (Borges' central metaphor) is. "Borges and Us" is a marked improvement over the days when Island editors asked Mary Poppins' creator, in issue number two, "First of all, Miss Travers, where were you born...
Climbing Rates. This year's spurt of borrowing has already driven interest rates up by ½%, to 7¼% for ordinary Eurobonds. To keep rates from climbing higher, some European central banks have been feeding dollars into the private market. U.S. corporate borrowers have kept the interest bite down to 5% by making their offerings eligible for later conversion to common stock. Though conversions dilute the value of shares owned by existing stockholders, the 2% difference in interest could mean a $6,000,000 saving over the 20-year life of $30 million of bonds...
...will not be easy. The DPW's plans call for the Belt to cut through the heart of Central Square. It could displace at least 1200 families, plus numerous businesses. Indeed, the damage of the Belt has already begun. Fearful of the onslaught of the road, some families in the Belt's path are already letting their properties deteriorate. Others have simply moved...