Word: financee
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Dates: during 1960-1969
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Famous Name. Under the circumstances, the influence of Israel's leading moderates has declined. Abba Eban, who has advocated trading captured areas for a peace settlement, retained the Foreign Ministry, but he is losing the important information division, which is being set up as a separate ministry. Golda, annoyed...
At a secret meeting last week in Rome, South African Finance Minister Nicolaas Diedrichs and Paul Volcker, U.S. Treasury Under Secretary, framed a compromise. It would permit South Africa to sell a certain amount of new gold to the International Monetary Fund whenever the country's balance of payments...
Downgrading in Washington. Working under the United Nations for twelve years, the four countries have raised $175 million, nearly one-third among themselves and the rest in loans and grants from 26 other countries, to finance hydroelectric projects, bridges and engineering studies. The U.S. has spent about $36 million. Thailand...
The Federal Reserve tinkers constantly with the money stock, much to the distaste of Friedman, who advocates a policy of moderate, steady expansion. For example, the board expands the supply during periods of peak demand, as it did to an extreme degree to help the Treasury finance its huge deficit...
In the decade that opens next month, thoughtful business leaders realize they face responsibilities that go beyond the traditional definition of business, and they seem ready to do more than merely pay lip service to them. Next to inflation, recession and the need to end the Viet Nam War, the...