Word: exertions
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...flat month at the end of last year. U.S. exports during 1975 ran $11 billion ahead of imports, according to Census Bureau figures, eclipsing the previous record trade surplus of $8.6 billion in 1947. Businessmen and investors are also encouraged by the Federal Reserve Board's willingness to exert pressure to push down interest rates; last week First National City Bank of New York cut its prime rate on loans to business by a quarter point, to 6.5%. Says Howard Stein, chief of the Dreyfus Corp., which has $2.5 billion in mutual funds: "The Fed is finally allowing interest...
Many of us in New Hampshire feel that William Loeb [Jan. 12] should apply his paper's slogan ("There is nothing so powerful as truth") to the Manchester Union Leader, reasoning that it does not represent Manchester, preach unity or exert true leadership. When Loeb was in a Boston hospital recently, some fantasized that instead, the whole state should be in-for a Loebotomy...
...Liberation of Angola was endangering détente. The officials refused to say what, if anything, Kissinger extracted from the Soviet leader on the Angola situation. Perhaps significantly, however, they said that the U.S. will watch closely in the coming weeks to see if the Soviet leaders exert pressure on Fidel Castro's Cuba to withdraw any of its 10,000 troops, which have helped the M.P.L.A. gain the upper hand against two U.S.-backed factions (see THE WORLD...
...suggest, Tawfiq Zayad's recent election as mayor of Nazareth [Dec. 22] may encourage Israeli Arabs to try to exert political power on a national scale. However, I do not see this as a catastrophe for Israel. In fact, a successful bid for political power by Israel's Arab citizens may prove that Israel's political system works for all her citizens, and that her democratic ideals are honored...
...line canceled all flights through Christmas Eve. Other members of the Board of Economists, while granting that there is danger of a wage-price spiral, think it can be avoided. Some reasons: unemployment will still be high next year; low increases for state, local and Federal Government workers will exert a moderating influence on industrial wages; and rising productivity will enable manufacturers to pay higher wages without boosting prices...