Word: draining
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Dates: during 1960-1969
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...that he was unable to win passage of a single major bill. In the congressional campaign, Frei's party urged the voters to make a Parliament for Frei." At best the experts gave Christian Democrats only 65 seats. There were too many parties, too many local issues to drain away votes...
...Strain & Drain. In theory, such a move could quickly relieve the U.S.'s monetary migraines. The U.S. now has $96.9 billion worth of foreign investments and other assets: that is nearly double the $56 billion of foreign holdings in the U.S. American assets abroad range from giant factories to such enterprises as a mink farm recently opened in Korea, a ski lift run by two young expatriates in Berlin, and the two largest ad agencies in Brazil. World business has become so intertwined that European holdings in the U.S. are about as great as U.S. holdings in Europe. Such...
...gold during the last quarter of 1964. West Germany's leading private banker, Hermann Abs, privately urged his government to exchange some of its dollars for gold (Chancellor Erhard has turned him down so far). And the Common Market issued a scolding report, predicting that its members would drain off more U.S. gold unless the U.S. quickly put its house in order...
...decision to reject Sohn's plane was reportedly based largely on fears that a cheaper flight would drain passengers from other HSA charters. If a chartering agent cannot present a sufficient number of passengers by a specified date, he can be asked to forfeit a ten per cent deposit. The flight is then canceled, or "aborted...
...still six domestic carriers, including three with international routes. On some routes, as many as five lines compete for the same passengers, with the result that just about everybody loses money. The subsidies, emergency loans and other bailouts cost the Brazilian government uncounted millions each year. The worst drain was Panair, which has been losing an estimated $1,000,000 a month, and has run up a debt of $66.8 million...