Word: papering
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Dates: during 1960-1969
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...first generation knows that they will never see the work completed, but they go on working." Among the topics up for discussion: U.S. problems with inflation and balance-of-payments deficits, the possibilities for a "Nixon round," and speedy implementation of special drawing rights within the International Monetary Fund?"paper gold"?to ease perennial pressures on gold and on the two international reserve currencies, the dollar and the pound sterling. One current source of U.S. irritation is a proposed Common Market tax of $60 a ton on imported vegetable-oil products, from which the U.S. earns $450 million...
...Administration, the costly complex of defensive missiles and radars has become the nexus of several great issues: the allocation of resources between domestic and military programs, overall nuclear strategy and the possibility of arms-limitation negotiations with the Russians. The 91st Congress is more conservative than the 89th-on paper at least-and therefore could be expected to be more sympathetic to requests from the military. Changing public attitudes and political considerations over the past three years, however, have stiffened resistance on Capitol Hill. Many Congressmen are concerned that any hold-down on Government spending should...
...strong, forever "God-bless"-ing strangers, swearing at friends and consigning his enemies, who are many, to hell. When he made his big decision last week, Mr. James Breslin informed the world in his own waggish way-with a Page One ad in the New York Times, a paper for which he has never written. It said: "ROBERT j. ALLEN: You are on your own. I am giving up my newspaper column. Jimmy Breslin." It set Jimmy back...
Fever Symptom. The public and the professionals also seem increasingly uneasy about the "tone" or "quality" of the market. The much publicized mess in the back offices of brokerage houses, which are tangled in paper, has done little to inspire confidence in the effectiveness of Wall Street's management. , In addition, the fast rise of prices of new issues, many of which have climbed to premiums despite meager or non-existent earnings, is a symptom of dangerous speculative fever...
Chase N. Peterson '52, dean of Admissions and Scholarships, said that the scholarships committee would consider the latest SFAC resolution, but indicated that he himself would vote against accepting it. Reducing scholarships was, Peterson said, "only a paper manipulation from scholarship to loan," which could easily be rescinded if the Faculty decided to change its policy on scholarship reduction...