Word: demand
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Dates: during 1960-1969
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...horrifying and restrictive than those you face here. The situation is artificial, we all know that. It is traditionally the prerogative of the best and most creative Harvard men to leave academe, to return when they are ready, to preserve themselves by withdrawal. But how unfair it is to demand that Harvard bring the freeing chaos of the outside world within its gates...
...case, the Israelis suspended their retaliation policy and relied on cool tactics, as they awaited Syria's response to their demand for the release of two Israeli men. The two were aboard TWA's Flight 840 when Palestinian guerrillas forced the jetliner to land at Damascus (see box). Obviously worried by the furious international reaction, the Syrians quickly released 99 of the 101 passengers, among them four Israeli women. To satisfy the guerrillas' sympathizers, however, Syria might hold the Israeli men until the political heat dies down. Whether Israel's patience will last that long...
...Storage. The emergence of new exporting nations makes the price of wheat more sensitive than ever to the harsh pressures of supply and demand. In 1961, when the world wheat glut reached a record 1 billion bushels, the surplus consisted exclusively of U.S. and Canadian produce stored at North American facilities. Today, surpluses are also piled high in Australia, Hungary, Bulgaria, the Soviet Union and Common Market countries. Most of the new exporters lack both the storage capacity and the inclination to retain their surpluses in order to stabilize world prices. As a result, the 1968 International Grains Arrangement, which...
...figures are those on the growth of the nation's money supply. Washington's fundamental strategy for halting inflation is keyed to keeping that growth down. Federal Reserve statistics computed in the traditional manner show that the money supply, which is defined as cash in circulation plus demand deposits in commercial banks, has grown since the end of 1968 at a 1.5% annual rate, or 1% for the year so far. Under the prevailing theory that money supply controls economic growth, and ultimately price levels, that would seem gradual enough to portend a slowdown soon in the pace...
Last month, however, the Board decided to count as part of demand deposits the dollars that U.S. banks borrow overnight from their European branches. On that basis, the Board concludes that the money supply has actually been growing at a 3% annual rate-maybe. Paul W. McCracken, chairman of the President's Council of Economic Advisers, questions whether the Board has been making seasonal adjustments properly; he suspects that the money supply early this summer may have been growing more slowly than even the old figures would indicate. McCracken said recently to a group of banking students...