Word: fowlers
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Despite these digs, the Europeans generally moved toward accepting Treasury Secretary Henry Fowler's call for urgent talks on reform, which perhaps will lead to creation of an international currency to supplement dollars, pounds and gold (TIME cover, Sept. 10). The rich nations in the so-called Group of Ten instructed their Deputy Finance Ministers to start negotiating now on "an intensified basis." Though the continentals had hoped to restrict the talks to the clubby Ten, they now seem to agree that, at some time in the near future, the 30-nation IMF executive board should be brought...
...Gain. Fowler forecast last week that progress toward change will be achieved by next spring, and that the talks will be widened to include the smaller IMF members outside the Ten. That estimate is optimistic, but even France's Finance Minister Valéry Giscard D'Estaing admitted: "The ice floe on reform has at last broken. People are now ready to talk business." Perhaps it was symbolic that, in their off-hours Fowler and Federal Reserve Chairman William McChesney Martin played a brisk match of tennis against Giscard and his deputy, André de Lattre. Score...
...recent years, cataracts and ulcers have slowed Roy down. He neither eats nor reports as much as he used to, though he still smokes 15 Coronas a day. In 1963 he became chairman of the board after he resigned as editor, and was replaced by Richard B. Fowler, 63, a quiet, diffident man who is less interested in playing politics than in administering a newspaper. "Nelson ran the Star as his personal paper," mused Roberts last week, characterizing his own regime as well. "Today it is run as the readers' paper...
Open-Minded Coverage. Though he lacks Roberts' flamboyance, Fowler has some firm ideas of his own regarding the Star, and readers seem to be responding to the changes he is making. The Star has a Washington bureau of two, and it now sends correspondents as far as Africa; though its real strength remains its enthusiastic and comprehensive local coverage which, to the Star, means generous hunks of Kansas as well as its native Missouri...
...gang of Silverfingers, have suggested that the money be earmarked for specific programs such as combatting the drought in the Northeastern U.S. or reducing the federal debt. Last week President Johnson dimmed their hopes with a report by a special study team that included Treasury Secretary Henry Fowler, Director of the Budget Charles Schultze and Chairman of the Council of Economic Advisers Gardner Ackley; it pointed out that the exact amount of the new revenues would vary with the demand for coins, thus could not be depended upon to meet the needs of any single program. That said, the committee...