Word: european
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Dates: during 1960-1969
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...eventual integration; the Negro must develop his own identity before he can successfully join U.S. society as an equal. Cruse described Black Power as "a belated attempt to get an economic and political share of the American pie," but insisted that it is uniquely American and unrelated to European theories of class struggle. Although most participants denounced the idea of black separatism-John Oakes, editor of the New York Times editorial page, called it "impractical, unreal and immoral"-CORE Director Roy Innis unflinchingly defended...
...bring its balance of payments into line, and the value of the dollar may be threatened. Though the U.S. payments ran slightly in surplus during the July-through-September quarter, much of this was due to such temporary factors as the turbulence in Czechoslovakia and France, which caused considerable European capital to flee into U.S. stocks, bonds and banks...
Lillian Hellman's rebuke to George Kennan after he bemoaned the irresponsibility and nihilism of youth had the same effect. Abandoning rhetoric and argument, Hellman recalled talking with Kennan in a European cafe decades before. "We've had so many common experiences," she said. "How come we feel so differently about youth?" The reproach was simple, emotional and electric...
...France's gold reserves, as enormous amounts of consumer goods had to be imported, but it had by no means exhausted them. Relative to France's GNP or her international trade, they were still adequate in comparison with those of other nations, even the U.S. and other western European nations. True, the wage increases conceded last spring had triggered an eleven per cent increase in prices that would certainly affect France's balance of payments. But it was far from obvious that it would plunge France, consistently a surplus-runner, into a balance of payments deficit...
...analog to the Federal Reserve System--and hang the political problem of selecting the men who will adminster it. But that sort of fundamental change will come about only after a crisis comparable to the international collapse of the '30's. God only knows (and, given the habits of European bankers, He's probably left guessing, too) how many more monetary crises like this one must come and go, and which currencies will be hit, before that happens...