Word: economice
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Dates: during 1960-1969
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∎ A welfare-reform program intended, by linking aid to work, to overhaul fundamentally poverty assistance. For a family of four, the basic federal subsidy would be $1,600, available to able-bodied recipients only if they accept employment or enrollment in job-training classes. The Office of Economic Opportunity...
In fact, Dubček, demoted last April to the figurehead post of president of the National Assembly, had occasionally fretted aloud at the speed and enthusiasm with which his reform movement took hold in Czechoslovakia. But he did not dwell on anti-socialist dangers. On the night of the...
In fostering an eve-of-war mood, Peking might have been reflecting its genuine fear that an all-out struggle may be imminent. But the propaganda serves another purpose as well. Since the excesses of the Cultural Revolution that began in 1966, China has been riven by factionalism. Followers of...
As French officials well know, devaluation by itself is not enough to restore a country to financial health. By temporarily lowering export prices and raising import prices, a devaluation only gives a country time to overcome the economic weaknesses that undermined its currency. The benefits of devaluation can easily be...
Last week Kaunda made it clear that Zambian ambitions have grown. Clad in his usual khaki bush suit, he told 400 cheering members of the ruling United National Independence Party that he was "asking" the owners of the mines to give 51% of their shares to the state. "I do...