Word: interventionism
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Dates: during 1970-1979
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The Vietnamese seemed unlikely to move on to the Cambodian capital. Such a move could possibly invite the reluctant intervention of the Communist superpowers. Moscow has supported North Viet Nam since the earliest days of the war with the South, aiding Hanoi with loans for food and economic development. Peking...
But will U.S. intervention buy anything except temporary relief?
The two agencies issued a terse one-paragraph announcement that the U.S. would actively begin supporting its weakening currency on world markets. That afternoon, the Federal Reserve began buying up unwanted dollars to shore up their price. The move touched off one of the wildest dollar rallies ever, but the...
Judging by his past record, that bullish view may be a trifle myopic. In 1975 Pharaon bought control of Detroit's Bank of the Commonwealth, a rickety go-go institution that had been saved from bankruptcy only by the intervention of the Federal Deposit Insurance Corporation. Despite much talk...
Irving S. Shapiro, chairman of E.I. Du Pont de Nemours & Co. (annual sales: more than $8 billion), says, "It costs the company a lot of time and money to comply with Government reporting requirements." Du Pont has to spend $5 million and 180 man-years of work annually to file...