Word: club
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Dates: during 1960-1969
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...announced his intentions at a San Francisco news conference the day he was scheduled to be processed for shipment, Sept. 13. "My fight is back home in the Philadelphia ghettos where I was born and raised," said Lockman, a Negro and a member of the militant leftist W.E.B. DuBois Club. "I will not go 10,000 miles away to be a tool of the oppressors of the Vietnamese people." A day later, Lockman was hustled to the stockade, after refusing to board a bus with 100 other soldiers bound for the air hop to Saigon...
...that unilateral devaluation was no longer possible, since it would dismember the many fragile and intricate international monetary mechanisms that have developed since 1949. Keeping those mechanisms oiled and balanced is the task of the international banking community's senior members, who are usually referred to as The Club. The Club works with the International Monetary Fund in Washington and the Bank for International Settlements in Basel, the official bankers to countries...
...country has kept The Club busier or given it more nightmares than Britain, whose economy has palpitated in maddeningly regular intervals through a dozen sterling crises in 18 years. The pattern soon became all too familiar: a period of expansion leading straight to the brink of bankruptcy for sterling at $2.80, then a rescue loan to buy time while the government damped down the economy. Once a spell of austerity built up Britain's reserves anew, governments invariably felt politically impelled to relax restrictions and let the whole expansion-to-the-brink process begin again...
...question in Britain, and around the world, was whether the devaluation would really work. The bankers of The Club are understandably a skeptical lot where British promises are concerned. Early last week several dismissed talk of devaluation. "A temporary respite," said the Deutsche Bank's Hermann Abs. "Not a real solution," observed Swiss Union Bank Chairman Dr. Alfred Schaefer. "Devaluation alone would only be a temporary measure," said Bank of America President Rudi Peterson. The British are well aware that devaluation alone is not enough. Chancellor Callaghan indicated that the government would couple it with enough muscle at home...
...Nazi era, left-wing Erlangen University students staged a burning of Springer publications. A group of liberal writers declared they will never again write for a Springer paper and urged their publishers to withhold advertising from Springer publications. When Springer went to give a speech at the Hamburg Overseas Club recently, he had to slip in a side door while five squads of riot police protected him from angry pickets, whose banners declared: "Never before in any land at any time has so much power and so little wisdom been in one pair of hands." In the next few weeks...