Word: circumventions
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Dates: during 1970-1979
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The Administration is particularly peeved about the help that the Japanese have been giving Iran. In Paris, Vance provided an earful of complaints to Japanese Foreign Minister Saburo Okita, who was in the city for a meeting of the International Energy Agency. A U.S. official charged that Tokyo has allowed...
Ustinov's blast from the pages of Pravda sounded the shrillest note in a Soviet propaganda campaign that has gathered unusual force. The objective: to head off the deployment in Western Europe of nuclear missiles aimed, for the first time, at the Soviet Union itself. The rest of the...
> A requirement that 8% of any dollars acquired by banks from foreign sources for relending to borrowers in the U.S. be set aside and not loaned to anyone. Known generally as Eurodollars, these expatriate greenbacks have accumulated as U.S. payments deficits, starting in the 1960s; lately they have been increasing...
While Volcker's retooling of Fed policy may lead to surer control of the money supply, critics are worried that the steps he has taken to limit the inflationary flow of Eurodollars into the economy do not go far enough. In London, Geneva and other offshore finance centers, no sooner...
Tensions had been building between the two men almost from the moment that Hamilton stepped into Geneen's job as day-to-day operational boss of the company. Reluctant to relinquish power, Geneen in 1975 had been given a two-year exemption from the company's policy of...