Word: discarder
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...credit control apparatus it had built in March. At that time, the Federal Reserve began charging major banks a three-point interest-rate surcharge on funds they borrowed from it; that levy was eliminated last week. There were also strong expectations that Washington might be preparing to discard the rest of the credit curbs initiated two months ago. Fed Chairman Paul Volcker had been opposed to the measures, which included reserve requirements on new credit-card borrowings and on money-market funds. Observers expected that Volcker would use the first available opportunity, like the recession...
This, however, is not Morgan's thesis, for he has no thesis, but relies on the simple value of a story presented objectively. Without a damning or praising conclusion from Morgan, the aspiring writer and the aspiring socialite can choose to admire Maugham's success or to discard him as incapable of true creation. Morgan's biography brings his life in focus with his literature, revealing how Maugham obliterated the fine line between his life and his work...
Strobe Talbott's cynical Essay on "The Dilemma of Dealing with Dictators" [Sept. 24] clearly shows why we are so hated among the Third World nations. Talbott spends all his time telling us which despots we should back and which we should discard, according to our best interests. When a tyrant is no longer useful to us, we should invoke human rights. Only in the last two lines of his Essay does Talbott remember that the people in the distressed countries should have something to say about their own destiny...
...have any illusions about the nature of the new relationship. Peking and Washington were entering a marriage of convenience. Once China becomes strong enough to stand alone, it might discard us. Before then, the Soviet Union might be driven into a genuine relaxation of tensions with us?if it has not first sought to break out of its isolation by a military assault on China. But whatever China's long-term policy, our medium-term interest was to cooperate, and to support its security against foreign pressures...
...reserved for the playing field. Despite his experiments with sex and drugs, Fabian truly gets high on Fabian. With characteristic insouciance, the author describes his hero's liaisons: "He found himself selecting, isolating, soliciting partners as transient and avid as himself, as ready to initiate, as willing to discard...