Word: facto
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...factors have taken the urgency out of the drive to create a new monetary system. First, the world has stumbled into a de facto system of "floating" exchange rates in which the dollar price of the German mark, French franc, Japanese yen and British pound is set by supply and demand-and it has proved stable enough. Second, as a result of two formal dollar devaluations, a further downward float, and ravenous worldwide demand for the farm products that the U.S. grows, America is no longer spilling out dollars abroad at an alarming rate...
...facto manager, Blasingame tried to learn the language but found that "my teacher only taught me strictly formal Japanese when I needed a baseball way of talking." So he has adopted a kind of baseball interlingua. It was not too difficult, for many of Japan's basic terms are taken straight from Abner Doubleday's lexicon: an out is outo, a hit is hitto, a homer is homma and a batter is a batta. Blasin game also mastered such words as massugu (straight), tsuyoku (strongly), yukkuri (slowly) and a lot of what might be called body Japanese...
...dealing with old men in China," Kissinger says quietly. "They have come to certain insights from their long experience. We must make that relationship permanent. The pace at which things have moved in two years, from a secret trip to China to de facto ambassadors, shows how urgent they consider it. In the Soviet Union we have the last generation that went through the whole Communist history. The men there now were in the revolution and World War II, and we must use their experience to bring about a lasting peace. The next generation will be different-born into...
...indicated that it was just as opposed to the de facto segregation in the cities of the North as to the now forbidden legal segregation of the South. Ruling on the system in Denver, the court upheld a lower-court finding that the school board had fostered segregation in a significant portion of the city. Sending the case back to the lower courts for further action, the Justices said that unless the school board can prove it did not practice segregation in mixed neighborhoods, it may be required to integrate the entire system, presumably by busing if necessary...
...contention last year that the law permitted states to let air quality slip in some areas as industries relocate from the polluted cities. Environmentalists countered that the law was not written to spread pollution around, but to clean it up. EPA then argued that the rule constitutes a de facto no-growth policy. Attorney Bruce Terris, who presented the case for the clean-air side, replies that the law still allows industrial growth-but not much air pollution. Thus, before moving their plants, managers will have to figure in the costs of effective antipollution controls-costs that will raise expenses...