Word: dangering
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Dates: during 1970-1979
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...this invisible money is, of course, available any time to buy a car or a TV or a vacation in Miami, or to finance a corporate takeover on Wall Street. The policy danger posed by this credit proliferation is that a tight money strategy may indeed cut down the growth of the Fed's "official money," but spending would just keep on surging and spurring inflation anyway. Urges Wall Street Economist Henry Kaufman, an internationally respected expert on interest rates and credit: "What we need now is a new monetary growth target that I call the 'debt proxy.' It would...
...considerable danger is the threat of an outright credit crunch. That would occur if the Federal Reserve's tightening up of money, and the resulting rise in interest rates, reach such levels that borrowers found it impossible to get money on almost any terms. Such a squeeze occurred in the summer and fall of 1974, and almost immediately forced businesses to lay off upwards of 2 million workers because of the unavailability of even short term credit...
Leaning heavily on material in William Shawcross's highly critical book, Sideshow: Kissinger, Nixon and the Destruction of Cambodia, Frost disputed Kissinger's contentions that Prince Sihanouk tacitly supported the bombing of North Vietnamese "sanctuaries," that there was no danger of civilian casualties, and that the U.S. had not violated Cambodian neutrality. Replied Kissinger: "It is an absurdity. . . to say that a country [North Viet Nam] can occupy part of another country, kill your people and that then you are violating its neutrality when you respond against the foreign troops that are on that 'neutral' territory...
...danger inherent in Castro's statements is the same Wilson described. As the Cuban and his anti-Israel allies use ever more excessive hyperbole to subtlely undermine Israel's moral right to exist, they render real genocide commonplace. At first glance, statements such as Castro's and those of the U.N. anti-Zionist resolution seem trivial. Though their claims are patently false--the Israeli's have not herded Palestinian Arabs into a Dachau or a Treblinka, nor have they set up their own apartheid system based on the idea that Jews and Arabs are different species of humanity--Israel...
Howard said over four million Cambodians have been killed since 1975, and 3.5 million are in danger of starvation...