Word: orderings
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Dates: during 1970-1979
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Sarkis still hopes to persuade the Arab League to order a reduction in the number of Syrian troops in his country. But he received scant encouragement during his visits to Saudi Arabia, Kuwait and other Arab nations. Saudi Arabia's Crown Prince Fahd, for example, promised P.L.O. Leader Arafat that the Saudis - who also bankroll the Christian militias - would "absolutely" continue their support of the opponent Palestinians...
...nearby room at the Children's Palace, a finely tuned orchestra of eleven-year-olds, playing traditional Chinese fiddles, flutes, dulcimers, string drums and mandolins, bursts out with My Old Kentucky Home. More than 1,000 children a day study the arts and sciences at this school "hi order to achieve modernization." Carefully selected from ordinary schoolrooms, they return to regular classes after a year of intensive instruction and impart their skills to other kids...
CORPORATIONS. To them, selling the dollar is mere prudence. A Japanese company may book an order to deliver $1 million worth of steel to the U.S., with payment due in 30 days. Rather than wait to receive the dollars, which by then might be worth fewer yen, the company quite probably will immediately sell $1 million for as many yen as it can get, with the dol lars to be delivered in 30 days. U.S.-based multinationals do essentially the same thing. Hercules Inc., a major chemical company, in 1971 negotiated a five-year loan in Swiss francs, on terms...
...orders descend on the cambists - some working in money-trading firms, many employed by banks, a growing number directly for multinationals. Though they work on order, they have some latitude. If a multinational orders its bank to sell, say, $1 million for German marks on a particular day, in Europe it is up to the bank's trader whether to let them all go at once or sell $500,000 in the morning, the rest in the afternoon. In New York, a trader must execute the order at a time and price that the client specifies...
...Conrail's ills only reflect the wider problems besetting the nation's railroads. Though a healthy rail system is more essential than ever to save gasoline and carry coal, the industry has been held back for years by overregulation by the ICC, which keeps rates high in order to protect inefficient lines-and thus often makes the railroads uncompetitive with rival transport systems...