Word: lowers
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Dates: during 1960-1969
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...Group of Ten, summoned the world's leading central bankers and finance ministers to an emergency meeting in Bonn, demand for gold in London hit the highest level since March. In New York, sterling hit rock bottom at $2.38. In Swiss money markets, it slipped even lower. The dollar, by comparison, weathered the crisis fairly well, reflecting general confidence that the U.S. was finally doing something convincing about its balance of payments problem...
...main thing is what they (the poor nations) can do," he stressed, "but we can help." American foreign aid is destructive, he said, because it is given in loans attached to trade agreements which siphon off the country's capital and lower the quality of its imports...
...Masters feel fierce competition among thesemlves as representatives of the different Houses. They evaluate each proposed social reform in terms of how it will affect their own House's "prestige" or "position" vis-a-vis the other Houses. Since each proposal which comes before the Committee is bound to "lower" some Houses and "elevate" others, no issue stands a chance of generating the kind of unity necessary for passage...
Wolfe scored the winning goal in the second cuarter. Dribbling around the Eli defense to a point just outside the circle, Wolff kicked the ball past the Yale goalie into the lower corner...
...costs than Ford had predicted, and the unexpected money helped bail the budget out of its predicted deficit. This year, however, prospects are bleaker. The Faculty will still get its overhead percentage--7 per cent of all research money--but the total amount of research grants will be much lower. For the first time since the 1940's, the grant totals will drop, and Ford predicts 25 per cent less research money than would have come with normal expansion...