Word: embarrassments
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Walking Back. This was a calculated attempt to embarrass King, who according to the script, was supposed to turn back only because he had been confronted by adamant police power. But King
...problem, of course, is the "payments crisis." Russia, France and eleven other U.N. members refuse to ante up for U.N. peace-keeping operations in the Congo and the Middle East. The U.S., which originally hoped to embarrass the recalcitrants by invoking Article 19,* is now reluctant to force a confrontation for fear it might wreck the entire organization. If any Assembly item came to a vote, the U.S. would feel compelled on principle to invoke Article 19 against Russia, France and the others. Hence the Assembly could not risk a formal vote on anything...
Iron Cage. They speak, unhappily, too seldom. Poet Larkin writes his lines at a rate that might embarrass an arthritic tree sloth-four short poems a year, and he usually throws one of them away. In his entire career he has published (aside from two youthful novels) only three books of verse, containing fewer than 100 poems. The Less Deceived, published in 1955, was the blazing eruption of a young volcano, the work of a brilliant man discovering in disorder what he could do. The Whitsun Weddings is a prepared descent into the simmering crater of middle age, the work...
High officials of the Federal Reserve Board believe that De Gaulle, aided by Spain's Franco, is trying to form a new European axis designed to embarrass and weaken the U.S. by attacking the dollar. To buttress the dollar, Federal Reserve Chairman William McChesney Martin Jr. has been strongly urging President Johnson to move swiftly and dramatically to wipe out the deficit in the balance of payments. "Some way or other, something has to be done," Martin said recently. "It is important that we face up to the fact that we have become a chronic deficiteer-and that leaves...
...Truly, it is nonsensical for us to ignore our long-dwindling but still very substantial gold supply [Jan. 22] to the point where a mischief-maker in world money markets can embarrass us (and predictably, old Mischief Maker Charles de Gaulle would be the one to do it). Let us recognize that after all, the domestic soundness of our dollar in our expanding economy is based not on an unreachable gold reserve but on responsible and enduring fiscal policies secured by the fabulous energy, brains and productivity of our people...