Word: outflows
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Dates: during 1960-1969
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Time was when global companies might simply have turned to New York or London for their funds. But balance-of-payments deficits have caused both Britain and the U.S. to check the outflow of money. By devising new organizations to operate with Eurodollars, the bankers have promoted healthy-and presumably profitable-competition among themselves. By making more credit available to private companies, they will also foster the growth of competition-minded Western businesses all over the world...
...support U.S. and British forces in Germany. Contending that Bonn no longer had the financial health to afford such large payments, Kiesinger stuck to his position until the U.S. last week suggested a new, less painful monetary scheme under which Bonn may buy Treasury bonds to offset the outflow of dollars from the U.S. Softly underlining his determination to be his own master, Kiesinger made his first state visit to Paris. But he will probably go to Washington in June before his second scheduled meeting with Charles de Gaulle...
...left lower chamber out to the body, emerged instead from the right lower chamber; the pulmonary artery, which is supposed to send used venous blood from the right lower chamber to the lungs for oxygenation, was connected where the aorta should have been. To make matters worse, the outflow of blood from the heart through the pulmonary artery was severely restricted by stenosis (narrowing...
...abroad," warns that "rapidly mounting deficits in our foreign accounts could make 1967 a crucial year for the dollar, and even for U.S. leadership in world affairs." Most bankers agree with Roosa that domestic interest rates must be lowered only gradually to protect the U.S. against a perilous outflow of dollars and gold to high-rate Europe...
...this week for an American Bankers Association conference, Treasury Secretary Henry Fowler will conspicuously fly a U.S. air line (TWA), will probably stay only one day and, he says, "I may carry my lunch." Reason for this frugality: once again the U.S.'s hopes for ending its gold outflow have proved to be forlorn...