Word: outflows
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...rise over the comparable period last year. Nowadays, most of the refugees remain in camps for only a few days of routine processing, then are sluiced on to jobs in booming, labor-short West German indus try. Although East German leaders have long expressed alarm at the continuing outflow of citizens, and particularly at the flight of the young and the skilled, they have cast about in vain for means of stopping...
...this policy would be expected to push long-term rates down, make money cheaper and thus encourage business expansion. At the same time, the Fed and Treasury hope to keep short-term rates from slipping, lest this encourage short-term investments to go abroad, thus step up the gold outflow. The action represents an about-face from the "bills preferably" policy under which the Fed since 1953 has done most of its buying and selling of securities in the short-term market, i.e., U.S. Treasury bills...
Proponents of the bill cite the mutual understanding between nations that can be gained by an expanded exchange of tourists. But the immediate reason for stepping up the tourist inflow is the continued anxiety over the gold outflow. Last year the U.S.'s 2,000,000 tourists abroad spent $1,145,000,000 more than the 87,000 foreign visitors to the U.S., a "tourist gap" that accounted for nearly one-third of the U.S.'s total balance-of-payments deficit. Yet the U.S. allotted less money for travel promotion than either Cyprus or the Congo...
Last week the U.S. gold outflow was only $9,000,000, the smallest one-week change since last August...
...steady outflow of U.S. gold, one of the Government's biggest problems, last week seemed to be solving itself-at least temporarily. The price of gold on the London market fell to $35.20, lowest since last October's gold crisis. At that price, European central banks can buy gold on the free market (rules of the International Monetary Fund prevent their paying more than $35.35), thus do not have to get gold by drawing on their U.S. gold credits. The price drop not only dampened speculation but cut U.S. gold losses...