Word: outflowing
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...twofold object of the trip was to publicize the Administration's see-America-first campaign-part of the drive to stem the outflow of tourist dollars-and to boost its new highway-beautification program. Taken along as tour guides were Interior Secretary Stewart L. Udall. Federal Highway Administrator Rex M. Whitton and Laurance Rockefeller, chairman of a White House conference on natural beauty...
...reckoned with: he heads a proudly independent agency and is the U.S. economic official most closely heeded by Europe's central bankers, who consider him the staunchest guardian of U.S. fiscal responsibility. Last week it became clear that Martin is helping to fight the payments deficit and gold outflow by slowly raising short-term interest rates-a move that pleases the foreign bankers more than it pleases Johnson, an easy-money man. The Federal Reserve reported that its member banks' cash reserves are at a five-year...
...President's "guidelines" are designed to improve the deficit in our balance of payments. Because Americans now spend abroad more than foreigners spend here, there is a net outflow of dollars from the United States, Central banks in other countries have the right to convert their surplus dollars to gold. And the resulting gold drain jeopardizes the stability of U.S. currency...
Direct government control over bank lending would regulate capital outflow and therefore ease the balance of payments problems, Galbraith also claimed. This elementary action has been avoided by all governmental agencies, he said...
Rather than concentrate only on the negative aspects of the payments problem, the Johnson Administration plans some positive steps to attract foreign funds to the U.S. to balance the outflow of dollars. To narrow the tourist gap-U.S. travelers last year left more than $2 billion abroad v. $1.1 billion spent by foreigners visiting the U.S.-the Government will step up its promotion to lure more travelers from abroad. Among the latest features: $99 bus tickets good for unlimited travel through the nation. To woo more foreign investors, the Administration plans to give them tax breaks on their...