Word: clearings
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Dates: during 1970-1979
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...last week's drama of the dollar made clear, G. William Miller will be entering a political and economic minefield when he succeeds Arthur Burns as chairman of the Federal Reserve Board early next month. It will be largely up to Miller to make the tricky day-to-day decisions on when and how strongly to intervene in currency markets to keep the dollar from plunging too much lower. In that field, at least, the basic policy of intervening to stabilize the falling dollar has been set: but on domestic issues, the incoming chairman has no such clear guidelines...
Meanwhile, the domestic picture remains glum. Last week Chairman Edgar B. Speer of U.S. Steel said that his com pany would eventually have to close down its Youngstown, Ohio, operation, which currently employs 5,000 workers. It is clear that the Youngstown plants, with their ancient machinery, have also become geographically obsolete. Even if the Administration's trigger-price scheme succeeds, older plants like Youngstown's are unlikely to be salvageable...
...helped any by the loss of two hours from the original six-hour film. The version now showing here leaves a great many gaps, and it's impossible to tell whether Bertolucci meant to leave details vague or whether they were cut for the U.S. market. It is never clear, for instance, why De Niro's insane cousin loves him, or why she and her fascist lover become so perversely destructive; nor is it completely clear why De Niro stands by as the fascists take control of his town...
...series of appeals that will further exacerbate the tension between the whites and the Indians in Mashpee. The Indians' lawyers insist the jury's decision is so illogical that the judge will have no recourse but to order a new trial; the defense lawyers jubilantly term the decision a "clear victory...
...nine-member council is composed of four members of Cambridge Convention '77, a liberal slate, four more-or-less conservative independents, and A1 Vellucci. And any one of them could become mayor--if he or she gets a clear majority of votes from the rest of the council...