Word: investers
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Dates: during 1960-1969
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Banded together in the area are 45 countries-the Commonwealth and its traditional trading partners-as disparate as Jordan, Iceland, Pakistan, Eire, Ghana and South Africa. They invest most of their own foreign-exchange holdings in British gilt-edged bonds, thus swelling the reserves that Britain can use to defend the pound. When these countries run into deficits in their foreign trade, which happens particularly when commodity prices drop, the situation changes: the sterling area members cash in their bonds and thus pull down Britain's reserves. This is precisely what occurred this year; so far, the sterling nations...
...committee must decide several questions relating to the Gen Ed program as well as those specifically voted on by the Faculty. The Faculty voted to recommend that departments invest 10 per cent of their teaching time in the Gen Ed program (presently, Gen Ed courses account or some seven per cent of all teaching Harvard...
Confining Investments. Protestant churches are taking similar action. Recently, the Episcopal Diocese of New York passed a resolution asking church agencies and parishes to confine their investments to corporations that have "demonstrated their commitment to equal opportunity in employment." In Chicago, churches belonging to the city's nondenominational Conference on Religion and Race all have fair-employment clauses in their hiring contracts; next month a five-man committee of financial experts will begin a study of one Protestant denomination's financial portfolio to see how its assets can best be used to further integration. The United Presbyterian Church...
...developer, the hazards are immense. He cannot start small and then expand. In order to create a New Town, he must acquire immense acreage, invest large sums in landscaping and nonproductive (at least immediately) projects such as artificial lakes and golf courses, and figure on waiting five years or more before the place catches on, the people move in and he can earn a return on his investment...
...best, Morison has the power to lift his country's past from textbook constriction and invest it with his own insight and understanding. He is notably effective in writing about the Puritan settlers, whom he interestingly compares with 19th century Roman Catholic Americans, about the vigorous life of the colonial seaports, about the true spirit of the American Revolution "a civil war," he calls it, reluctantly entered upon by men who "were thinking of preserving and securing the freedom they already enjoyed." Yet he is oddly disappointing on the Civil War, and some of his afterthoughts seem to trespass...