Word: money
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Dates: during 1960-1969
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...only currency being attacked by speculation; the currencies of many other nations--particularly of the pound--were placed under strain by the desire to convert into marks. That pressure could have been relieved by a prompt revaluation of the mark, but the Germans played coy with the money markets, issuing occasional pronouncements to the general effect that everyone should ignore the speculation and it would finally go away. They knew it was costing the French $800 million in gold per day to maintain the parity of the franc--and they loved...
...distortion of Radcliffe's financial priorities painfully clear. At a time when college costs are skyrocketing, when students are clamoring to escape dormitory living, and when the growing inevitability of merger with Harvard makes independent Radcliffe development seem pointless, the Radcliffe administrators should consider more constructive uses for their money...
...Radcliffe had unlimited money to squander, its only error in building the coffee shops would be in trying to maintain a status quo that few students want maintained. But when more important fiscal needs cry ou for solution, the building plans are not merely unnecessary but disastrous...
Brigham said that the exact cost of the proposed projects was not yet certain, although HUD has already earmarked $870,000 to pay for any programs in the area not covered by other Federal funding. Since the Model Cities program tries to funnel Federal money from diverse agencies into one area, the ultimate cost of the first year program--if Washington gives Cambridge all the money it wants--will probably be several times the $870,000 figure, Brigham said...
...interesting, too, that Massachusetts' wealthiest Corporation, easily able to afford payment on its own renovations, has accepted this money rather than requesting it be put to a more vital...