Word: fund
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Dates: during 1960-1969
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...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 was in deficit and the free price sank to $35 or less. The I.M.F. would pay the official price of $35 and could then resell the metal to central banks. The deal would provide a floor under the gold price, and something of a ceiling as well. Since the I.M.F. would...
...William Van Der Oord, a U.N. official from The Netherlands-but only on an acting basis. The Mekong Committee insists that any permanent replacement for Schaaf must agree to remain with the project indefinitely. The U.N. is unlikely to agree to this ultimatum, and the bickering has probably made fund raising more difficult. The tragedy is that the Mekong project has reached the takeoff point, and official indifference in Washington and executive infighting at the U.N. could severely mar the grand design...
...meet with a Nixon commission that is studying plans for a U.S. shift to an all-volunteer Army. Later he made a speech in Manhattan, then went to Boston. Dressed in a baggy brown suit and well-worn shoes, Friedman met for lunch with 20 impeccably tailored mutual-fund advisers and entertained them with unexpected quips and sallies. Later he spent two hours answering questions from some 50 Harvard and Radcliffe students who, unhappy with the schools' accent on Keynesian precepts, have recently formed the Association for the Study of Friedman Economic Doctrines, or "the Milton Friedman Fan Club...
...Council has proposed that instead of demanding 30 hours of exercise per term from freshmen, the University should try to make students more aware of the available athletic facilities and offer more instruction. "The money now used negatively to keep records could fund the program," Easter said...
Section 203 of the recently enacted Military Procurement Bill forbids the Defense Department, beginning next year, to fund any research not having "a direct and apparent relationship to a specific military function." Does the Cambridge Project in fact have such a relationship...