Word: moneymen
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Dates: during 1960-1969
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...change in the gold price remains highly unlikely, if only because it would do nothing to solve the basic imbalances in the major nations' currencies and economic policies. But moneymen are talking more and more about the need to revalue many currencies at once and to expand the world's monetary reserves by quickly creating a form of "paper gold," the so-called "Special Drawing Rights." To do this, they may decide to hold the first monetary summit meeting since the existing system was set up in 1944 at Bretton Woods, N.H. More likely, they will take less...
...irresponsibility." By the same token, supporters of the Johnson Administration's free-trade policies have been concerned about intimations by Nixon's aides that the U.S. might adopt a more protectionist attitude toward some imported goods, including Japanese textiles and Canadian auto parts. Nonetheless, European businessmen and moneymen, while also worried about the possibility of restrictive trade measures, express confidence that...
...entertaining as well as profitable. Behind its TIME-sized, pop-art covers often lurk such pro vocative questions as "Is 35 over the hill these days?" (on Wall Street, that is) and "What makes Dallas that way?" It also prints lively and not altogether flattering profiles of leading moneymen...
Even if they do not base their day-to-day investing decisions on the magazine, moneymen find its articles hard to put down. Some months ago, Herman Kahn and Anthony J. Wiener of the Hudson Institute think tank both predicted more than 100 technological breakthroughs that might win chips for investors in the year 2000. On their list: genetic control of heredity, creation of artificial life, extrasensory perception, human hibernation. Says Goodman: "This isn't just a trade magazine. People read it be cause...
...economy collected a surprise dividend last week from its new burden of higher taxes. In a move that most moneymen had not expected for weeks or even months, the Federal Reserve Board lowered its discount rate from 51% to 51%. Though the 1% change was as small as the Reserve Board ever makes it, it was an unmistakable signal of a general trend toward lower interest rates on all kinds of loans...