Word: municipales
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Urban Crisis. The crisis of the American urban complex, with its rotting center-city core and its increasing demands for intelligent planning as well as financial aid, was another central theme of the Governors' talks. Said Connecticut Democrat John Dempsey: "Connecticut as a whole can be a healthy society...
Stop-&-Go. Chancellor Kurt Kiesinger's new coalition government, fretting more about the possibility of recession than about the pressure of inflation, last month called on Karl Blessing's constitutionally independent Bundesbank to implement a "decisive relaxation of credit restrictions." That approach failed to win Blessing's...
With so much dissension and so many restrictions to haunt them, it might be wondered why the French leftist parties had bothered to sign the agreement at all. Their motive was simple: a desperate attempt to stop "the regime of personal power" of Charles de Gaulle. In the present Assembly...
Under the circumstances, Boumediene still does not feel safe enough to restore the constitution and National Assembly, which were suspended after the coup that raised him to power; instead, Boumediene rules by decree through his Revolutionary Council. His one grudging concession to democracy has been a promise of municipal elections...
Though they could scarcely believe that the Fed would let any such disaster occur, bankers could not be certain. To raise money, they sold off billions of dollars in municipal bonds from their portfolios at great loss. Bond prices crashed and bond yields soared. A year before, long-term municipal...