Word: flow
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Dates: during 1960-1969
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Here at TIME, our aim was the same as it is every week-except a little more so. We try to channel the flow of events into a coherent pattern of stories, to emphasize the important details and, whenever possible,to provide perspective...
...death of Rev. Martin Luther King Jr. and the subsequent rioting in the cities of America has proven to be a great catalyst for Cambridge. Proposals that were bogged down in the political maneuvering of the City Council and school committee have been released in a great flow of legislation designed to avoid a long hot summer...
...evidence that capital is not being created fast enough to meet the rising volume of legitimate needs. Capital is scarce and costly almost every where, and the global shortage will worsen unless two basic remedial steps are taken. First, ways must be found to develop more funds. Second, the "flow" or distribution of capital has to be sped up and improved...
There is also a worldwide clamp on capital flow acrosrnational borders. This trend is doubly disturbing because foreign capital is usually targeted on strategic investment projects and provides a particular fillip. The $7.2 billion that Europeans invested in the U.S. up to 1914 financed most of the nation's railroads and canals, and many of its oilfields and mines; the $12.8 billion that the U.S. sent in Marshall Plan aid rebuilt much of postwar Europe. Now, to fight the battle of the balance of payments, the world's two major exporters of capital-the U.S. and Britain-have...
...obvious keys to attracting capital are economic good sense and political sanity. Without those, foreign capital will not flow in and domestic capital will flow out. When governments begin to welsh, devaluate and expropriate, capital flees. Such was the case with Indonesia under Sukarno and Brazil under Goulart. And merely printing money cannot create capital. All that that usually does is bring on inflation. When prices soar and money values decline, people usually put their money into goods instead of savings...