Word: efforts
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Dates: during 1970-1979
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Having already sent millions of dollars' worth of goods as stopgap relief, in 1948 the U.S. embarked on the Marshall Plan and over the next four years systematically distributed some $12 billion in economic aid to Western Europe?including West Germany. That rescue program, perhaps the most costly humanitarian effort in history, fueled the industrial revival of the country, made Americans highly respected in Germany at the time, and is still vivid in the memory of a grateful older generation...
Typically, the extended palm works like this: in meetings with foreign businessmen, officials will pick an opportune moment to mention that "donations" to China's modernization effort would be welcome. What sort of donations? Well, the officials explain, our factory-or municipal bureau or provincial trading office, as the case may be-is desperately short of transportation, for instance, and a reliable car might be most appreciated. The car, either new or secondhand, is duly acquired in Hong Kong and shipped inland. Technically, it belongs to the factory; in practice, it usually becomes the private property...
...Administration last week also started phasing out oil price controls in an effort to stimulate both increased domestic production and decreased consumption. With controls loosening, U.S. prices will rise whenever cartel members post increases. Economist Okun figures that a $1 raise by OPEC adds $4 billion to U.S. prices and drains $4 billion from U.S. consumer purchasing power. Admits Inflation Adviser Kahn: "The standard of living is going down, and there is nothing that I can do about it. The question is how to divide the burden without tearing ourselves apart...
...Well, one thing I do want to be very clear about is that the development of our Core Curriculum was purely and simply an effort to improve the education of students at Harvard College. There was no intent of any kind to try to construct a model curriculum for anyone else and there was no intent of any kind to ever seek publicity for what we were doing. So that to some extent the impression may have been created because the newspapers picked it up that Harvard was purporting to provide the answer for everyone else--that is an artifact...
...case method, which many students support. Bok acknowledges in his report that the case method, which exposes students to business problems and allows them, through decision-making and Socratic discussion with their professors, to learn about problems of management, "has undoubtedly played a central role in Harvard's successful effort to train general managers...