Word: faithfulness
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Dates: during 1970-1979
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...coalesce so swiftly? One observer explained it succinctly: "The foreigners," the 85 non-Italians, did not want a bureaucrat from the Curia but a man who, like John XXIII, had the warmth of a good pastor. In addition, almost all the Cardinals seemed to want a man who emblemized faith as well as hope and charity, one who, like Paul VI, had a deep concern for doctrine. Luciani fitted both bills. He was also ideal in another respect. The Cardinals are always uneasy at the prospect of a lengthy papacy?15 or more years?and the Patriarch of Venice...
...When the first test-tube baby was born and some Catholic theologians condemned the experiment, Luciani said in an interview, "I extend the warmest wishes to the English girl. As for the parents, I have no right to condemn them. Subjectively, if they acted in good faith and with good intentions, they could even gain great merit before...
...hoped that the dollar's slide would eventually be self-correcting. It would boost U.S. exports by making them cheaper, cut imports by making them more expensive, and thus lower the trade deficit; then the dollar would rise again. There are some signs that the Administration's faith may not be in vain. For example, Japanese imports now account for only 9% of all cars sold in the U.S., down from 14% in January; but their prices have risen so much that the benefit in dollar terms is not readily apparent. The trade deficit declined from a monthly...
Perhaps the most menacing sign of loss of faith in the dollar is the wild gold rush that shoved the price of that indestructible metal to a close of $208.50 an ounce last week-up 25% so far this year. The boom has been primarily a dollar phenomenon. The price of gold in yen or marks has changed only slightly. But from Hong Kong to London, gold markets that once were the preserve of diehard fundamentalists are crawling with investors-corporate treasurers, money managers, individual speculators-eager to turn dollars into the metal that has always been a mystical symbol...
...eminent goldbug, a professional pessimist, Deak understands the psychology of people who have lost faith in mere money and paper shares. Critics, including many stockbrokers, say that Deak has a great 17th century mind, that his views would make Marie Antoinette look like Bella. Abzug. But his opinions are important, since so many nervous people share them...