Word: firsthand
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...years writing in the Economy & Business section, and since then has written stories on financial affairs for the International editions. Reporter-Researcher Naushad Mehta, who worked with Palmer on recent stories about Swiss banks, the Turkish economy and aid to Third World countries, knows the troubles of struggling economies firsthand. When the Indian rupee was devalued by 36.5% in 1966, Mehta, then a Bombay schoolgirl, saw the value of her pocket money dwindle abruptly. "It was," she recalls vividly, "quite a shock. The kind of thing you remember...
When University of Chicago Professor George Stigler travels to Stockholm next month to accept the Nobel Prize, he will experience firsthand a bittersweet phenomenon of the U.S economy. Stigler's Nobel Prize carries a cash award of 1.15 million Swedish kroner, which until only a few weeks ago was the equivalent of $182,000. Since then the Swedish government, pressed by the rising value of the U.S. dollar as well as its own economic problems, has devalued the krona. When Stigler finally receives his award, he will actually get only about...
...elder internationalist. Now 69, Nixon is convinced that his accomplishments in foreign policy will vindicate his presidency. He is proudest of his role in renewing U.S. relations with China. His optimism on the future of Sino-American relations is based not only on nostalgia but on cogent analysis and firsthand experience. In Nixon's view, the resumption of negotiations between the People's Republic and the Soviet Union is not necessarily a cause for alarm. "What brought us and the Chinese together ten years ago-the Soviet threat-is greater now than before, and the Chinese know...
...Currency Conover: "For me the most worrisome difference between the last recession and this one is the growth of international lending. Foreign loans by American banks now amount to $320 billion, a total that is 80% more than it was only five years ago." A speaker in Atlanta with firsthand knowledge of many of the new foreign customers was not reassuring. Said former Secretary of State Henry Kissinger from the podium: "In many countries the debts have already become a major political problem. Lending must go on and it must be in excess of interest payments." In other words, banks...
...know all about kilowatts now and B.T.U.s. That's British thermal units." During the past year, pupils in the Clark City classes boosted their reading-skill level by 14 months, compared with the eight-month increase recorded by other students. In turn, the Commonwealth Edison volunteers have learned firsthand about the concerns of their inner-city customers. Says Division Vice President Robert Manning: "It's turned out to be a kind of Dale Carnegie course for our people...