Word: marketeers
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Dates: during 1970-1979
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...could do" is an exercise in futility. Buy up dollars aggressively with what? More I.O.U.s? More Treasury debt certificates? Freshly printed greenbacks? Sell our gold? What will that do but ruin the price of gold without even touching our foreign and domestic deficits? Sure, sell at the market and we could pay the foreign deficits for a couple of years, and then what? What pol would vote to raise interest rates far enough to put us into a depression? Oil surtax? Moderately helpful as it pushes us into depression. There is nothing we can do that won't hurt...
...foreign students express anything but scorn for the Shah and condemnation of his U.S. supporters. Says Phyllis Bennis, a California attorney representing 165 Iranian students who were arrested in a Los Angeles demonstration last week: "Iran has been made a prime market in the Middle East. The Shah is a tool of the U.S. corporations." Others charge that the Shah's modernization program is largely a myth. "People are fighting with the regime because the Shah never did make land reforms," insists Farhad Ehya, a spokesman for the Iranian Student Organization at U.C.L.A. "Whatever he did, he took back...
Both are denounced by conservatives who oppose any interference in the free market. Government officials' main fear is that a monstrous bureaucracy would be needed to monitor hundreds of thousands of wage and price boosts. For that reason, the Administration favors Wallich's TIP over Okun's: watching just wages would be easier than keeping tabs on prices too. Weintraub suggests that policing could be simplified by confining TIP penalties to the 2,000 or so biggest U.S. companies...
Police distributed the paintings, lamps, antiques and family heirlooms to their owners last week at a flea-market style display in Plymouth's Memorial Hall. Emond helped identify the owners...
Whatever happens to it, the Germans' approach is another evidence of the craving of foreign capital for a haven in the safe, solid U.S. Deutsche Bank viewed the W.T.C. as a sound investment in prime U.S. urban real estate, a market in which it already has some experience. During the past two years, with other German banks, Deutsche Bank has bought Pennzoil Place and Shell Oil Tower in Houston...