Word: economice
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Dates: during 1960-1969
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Financial leaders are particularly worried because the interest rates on Eurodollars have been rising with alarming speed. They jumped from 7% in December to a record 10% last week on three-month loans. Economic policymakers complain that the rise is leading to an unwanted worldwide increase in interest costs.
Timetable for Transition. The economic consequences of peace would depend on the speed of its return. Only recently has the Administration begun a study, headed by Presidential Economic Adviser Herbert Stein, of how the transition should be made. No one expects a difficult conversion, partly because the war has driven...
Nixon suggested that the dividend be split between a tax reduction and social programs, particularly aid to education. Before he joined the Administration, Economic Adviser Stein headed a Committee for Economic Development group that proposed spending most of the money to alleviate urban, racial and poverty problems. The group also...
Neighborly cooperation is a Nordic tradition, and Scandinavia's parliamentary representatives meet annually to coordinate their countries' laws. Doctors or teachers can practice anywhere in Scandinavia. Citizens move freely across borders, and criminals sentenced in another country can even serve their jail terms in their homeland. Now, Sweden...
Nordek will introduce a third grouping into the European economic picture. With a population of 21 million and a combined gross national product of $50 billion, the four countries already constitute the European Common Market's second largest customer after the U.S. Under Nordek, they will remain in the...