Word: outflows
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...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...
When the half-heart pump is next used, which may be within a couple of weeks, DeBakey's mechanical-minded research assistant, Surgeon William Aker, will have made some minor modifications. In DeRudder's case, the two main inflow and outflow tubes, stitched into his left auricle and aorta, were led to a plastic frame, 1½ in. thick, implanted in the chest wall. The hemispherical pump was attached externally to this. The connecting tips of the frame for the pump will be modified to make the surgery simpler and therefore quicker...
...circulating forbidden manuscripts, and Moscow danced with rumors that several other poets and critics had been arrested, including Essayist Aleksandr Yesenin-Volpin. Obviously, the KGB had successfully blocked the route through which "Abram Tertz" and "Nikolai Arzhak" smuggled their works to the West. But, while it may stay the outflow of underground literature, the latest Kremlin crackdown cannot permanently stop...
...more often the exchanges are in the U.S. dollars or British pounds that almost every nation assiduously collects because they are internationally accepted as easily transferrable "reserve currencies." It has long been clear that this system is becoming inadequate, because, among other things, it depends heavily on a continued outflow of dollars and pounds-in short, on an unfavorable balance of payments for the U.S. and Britain...
...brakes, the Administration feels, will slow the nation's dollar outflow by $1 billion in 1966, thus bringing it into equilibrium-a balance of payments deficit or surplus of no more than $250 million. Whether they will also tend to choke off investments that produce a golden stream of returning profits is another question. Voicing that fear last week, General Electric President Fred J. Borch expressed alarm at the global trend toward "resurgent nationalism" in economic affairs. "Businessmen all over the world cannot fail to be greatly concerned," he said, "about today's mushrooming restrictions on international trade...