Word: funded
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Dates: during 1960-1969
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...elections were limited to 108 seats, a mere 19% of the Cortes, Spain's Parliament. The rest of the seats in the Cortes continued to be filled by Franco appointees or loyal organizations. Moreover, the campaign rules favored past members of the Cortes, forbade political parties or public fund raising, and required candidates to take a loyalty oath. Leaders of the real op position soon dismissed the whole exercise as a farce, and the Spanish press ran cartoons picturing all 316 candidates competing for the 108 seats as identical, production-line faces...
Resolving the differences will require each nation to sacrifice some monetary sovereignty and turn over more authority to the International Monetary Fund. But the harsh fact is that the current, outdated system has already cost much sovereignty by forcing nations to take unwanted and potentially unhealthy steps to raise taxes, restrict trade and deflate economic growth for the sake of sound money...
...thin to support the expanding volume of world trade. Since the recent humbling of the franc, France may be more willing than before to support the quick creation of the "special drawing rights." The SDRs are a form of "paper gold" that would be dispensed by the International Monetary Fund to supplement real gold, dollars and pounds in bankrolling trade and investment...
...Make exchange rates more flexible. According to the present rules of the International Monetary Fund, exchange rates may vary no more than 1% from par, or else countries have to devalue. To prevent such unsettling measures, more and more economists-including some close consultants to Nixon-argue that currencies should be allowed to fluctuate up or down by 4% or 5%. Then governments would not be forced to take sudden measures to restrict their domestic economies and restrain their imports-moves that hurt all consumers...
...name of the "Medical School Scholarship Fund," established in 1937, will be changed to the "Urda Traenkle National Scholarship Fund...