Word: money
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Dates: during 1960-1969
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...were about to lose a vote they desperately needed, sweet-talked Mrs. Smith into putting in a new amendment: this one would also halt both research and deployment on Safeguard but allow research on other types of ABM systems. Since Mrs. Smith was clearly not going to vote any money whatsoever for Safeguard?not even the research-only funds included in the Cooper-Hart amendment?the opposition's only hope was to get all the anti-ABM forces together behind Mrs. Smith's new amendment. They did just that, but it was not enough. Even with Mrs. Smith, they...
...government and in the private sector. Crises existed that only Washington seemed willing to attack. Today the problems may be different, but they are no less urgent. One test of Nixon's philosophy will come when state and city governments show whether they can get by with more money but less control and expert guidance from Washington...
...Nixon plan for revenue sharing. Although the sum which would initially be dispersed-$500 million-is minute compared to the needs, the machinery is the thing. Unquestionably, the amount would grow in the future. Under Nixon's proposal, in January 1971, the Federal Government would start sending tax money back to the states, with a mandatory amount "passed through" to the cities and localities. Few strings would be attached, and present grants for particular purposes would presumably be continued. Nixon also wants to turn many of the manpower-training responsibilities back to the states. Both these plans mesh with...
...ultimate aim is to reverse the steady growth of relief rolls. In the end, this would save money as well as redeem wasted lives. But to get started, the extra welfare cost to Washington would be $2.5 billion. For its $4.7 billion-a-year investment under the present system, however, the Federal Government has little to show...
Wide Effects. The immediate effect of devaluation is to make French goods cheaper in world trade and visits to France less costly for foreign tourists. Both developments will bolster the French economy. The effects will be felt beyond France's borders, however. When the international money markets reopen this week, there are bound to be repercussions. The U.S. dollar should feel no strain because it still ranks as one of the world's strongest currencies, but the convalescent British pound seems certain to come under renewed speculative attack. Although London affirmed its determination to maintain the price...