Word: clearings
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Dates: during 1970-1979
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There was no comfort anywhere. Even the usual sterility of raw rock, clear water and open sky was obliterated. Only white pervaded, the white blanketing, falling and unformed snow. It gripped me even more than the cold did. It was even more engulfing than overwhelming. I didn't know whether I wanted to go on, or should go on or even could. It left me a decision...
...Federal Reserve Board and the central banks of Germany, Switzerland and Japan did in fact buy up enough dollars to hold the price well above the lows established in the pre-Halloween panic. But it was clear that the dollar has not yet developed any upward momentum of its own, and will not until Carter can convince the hard-bitten cynics of the exchange markets that the U.S. is prepared to follow a tough anti-inflation policy as long as may be necessary. Said Walter Seipp, vice president of the Westdeutsche Landesbank in Düsseldorf: "Everything depends on whether...
...Washington decides to say nuts to the increase, it is not clear what "persuasion" it can apply. Stop buying Hershey bars for post exchanges, perhaps...
...investors, primarily corporations and banks, that have been hedging their positions in money markets. "The line between hedging and speculation is pretty thin," says Whitman. Yet she believes that corporate moneymen will rush to buy dollars as soon as they become convinced that the U.S will stick to a clear-cut economic policy. In Whitman's view, the Administration's dollar-revival plan consists of one Band-Aid and one magic bullet. The move to big intervention-selling gold, buying dollars-will barely patch a scratch. But the shift to tighter money, she believes, will be the real...
...title from Jack Dempsey on a decision in 1926. In their second fight, Tunney was ahead on points when Dempsey decked him, then lost his chance to regain the title when he was slow to go to a neutral corner. Given an extra four seconds to clear his head?the famous Gene Tunney in his prime (1926) Aloof from the Damon Runyon types. "long count"?Tunney got up and outboxed Dempsey the rest of the way to save his championship...