Word: directorate
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Dates: during 1960-1969
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...friend in Philadelphia and others around the world, we have come up with the cover story on the future of money, focused mainly on the International Monetary Fund and its managing director, Pierre-Paul Schweitzer. As anyone can imagine, these are hectic days for Schweitzer, but he spent a good deal of time last week talking with our Washington economic correspondent, Juan Cameron, about the international monetary situation. And we must acknowledge some help from the Philadelphia secretary, for Schweitzer* had read what she told the Journal and decided that he wanted "to reach that young lady and explain...
...replacements, Nasser chose men mainly from the academic and professional groups, which in the past have played almost no role in his governments. The new Treasury Minister is a college dean, the Minister of Education a university rector. A Cairo bank director was named Minister of Supplies and an administrator at the Aswan High Dam put in charge of the Ministry of Irrigation. Most of the new appointees were educated in Western universities, but none were known for any particular political leaning...
After months of study, Plymouth Laboratory Director J. E. Smith and his colleagues calculated that thousands of sea birds died from being coated with oil or from swallowing it. But except for the rosy-footed summer tourist, few other shore or sea creatures were seriously bothered by the oil. The detergents, however, killed a significant amount of sea life and seriously upset the ecology in many coastal areas...
...world's chief central bankers as they weighed the gold crisis last week in Washington was a saturnine Frenchman who still bears the scars of his days as a Buchenwald prisoner. Though Pierre-Paul Schweft-zer, 55, spoke rarely, he got undivided attention when he did. As managing director of the 107-nation International Monetary Fund-which acts as an arbiter of exchange rates, guardian of fiscal good behavior among sovereign states, and rescue squad for countries in financial trouble-Schweitzer holds a pivotal role not only in the present struggle to shore up the world's money...
Almost every private and public authority of the Western countries agrees that to avoid a genuinely serious threat to the dollar, the U.S. must dramatically pare the inflationary deficit in both its domestic budget and balance of payments. Says General Director Max Ikle of the Swiss National Bank: "The welfare of the world depends on confidence in the dollar, and this now depends on American fiscal policies...