Word: outflowing
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...city-blighting effect. They create new office jobs-but for the wrong people. He quotes a report revealing that jobs held by commuters have gone up by 23%, while jobs for city dwellers have increased by only 1%. The net effect of skyscrapers might thus be to enhance the outflow of needed middle-class residents to the suburbs...
...concept that subsequently was expanded to include the entire East bloc. The turning point in Brandt's own thinking came on that fateful weekend of Aug. 12-13, 1961, when the East Germans suddenly began to erect the Wall through the heart of Berlin to stem the outflow of East German refugees...
...Matter of Faith. European countries are organizing to give themselves more muscle to force the U.S. to restrict the outflow of dollars. Partly at Triffin's urging, the six nations of the European Common Market are moving to set up a joint reserve fund as an initial step toward a common currency. The directors could make collective decisions on how many dollars to accept in the European reserve fund and on the management of any revaluations. They could also impose joint restrictions on the amount of Eurodollars that U.S. banks could borrow. That would hurt money-short U.S. businesses...
...result has been called "the white noose." Without paying urban taxes, the surrounding suburbs batten on the central city's cultural assets, transit lines and white-collar industries (finance, law, publishing). Meanwhile the city gets poorer. Moreover, the constant outflow of whites and jobs leads, says Father Theodore M. Hesburgh, president of Notre Dame University and chairman of the U.S. Commission on Civil Rights, "toward the tragedy of two separate societies. One is white and comfortable; the other black and poor...
Weak Governments. To a considerable degree, the outflow of lire also reflects Italy's political troubles. Last week President Giuseppe Saragat was seeking someone to try to form the country's 28th Cabinet since World War II, following the resignation of Premier Mariano Rumor. Progressively weaker governments have failed to grapple with the country's Byzantine state bureaucracy or to create an attractive climate for investors by, for instance, modernizing Italy's corporate laws. Investors avoid the Italian stock exchange, because manipulation by insiders is common and because disclosure of corporate revenues and profits is minimal...