Word: creation
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Dates: during 1970-1979
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...first two items?an increase in the discount rate and the setting up of reserve requirements for offshore bank borrowings?went through smoothly enough, but the third presented a procedural problem. As a revolutionary change in Fed operations, the plan to focus day-to-day attention on actual money creation required not only board approval (which was given unanimously) but the support of the Open Market Committee, which comprises not only the board's governors but also five other representatives from the Fed's twelve regional banks. Just after lunch a conference call was arranged, unanimous support from the governors...
...creation of this new legal right was almost an act of contrition by states ashamed of their complacency in the face of genocide. The U.N. was declaring dramatically that it must never happen again. And in taking such unprecedented measures it implicitly acknowledged the special place that had to be accorded to Jews after the war; war; not accidentally, in the period between the resolution and the convention, the U.N. passed the resolution mandating the creation of a Jewish state in partitioned Palestine...
REGURGITATIVELY, Barth lifts his characters, these war correspondents of the literary battlefield, from each of his past books. The one new creation, Lady Amherst, is also the best. Her sequence of letters to the author describes the progress of her affair with Ambrose Mensch, a dilettante writer late of Lose in the Funhouse. Barth makes a feeble effort to set her up as an allegorical representation of "Belles Lettres," on which her--or Ambrose--hopes to father forth a new novel, but she balks, her past liaisons with famous men of letters notwithstanding...
...would support such a university not only spiritually, but I would like to have a hand in its creation," Soni says, adding, that education "is the one means" for the liberation of black South Africans...
...torment Roth's hero, a young short story writer named Nathan Zuckerman. Nathan's dilemma concerns the purpose of his art: is his ultimate responsibility to himself or his Jewish heritage? Even the writer of the Bible must have paused to consider the personal and social consequences of his creation. In the end, Nathan, like Roth, chooses to write for himself and let the kleenex fall where they may. "There is obviously no simple way to be great," says Nathan...