Word: perilous
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...Peril of Independence. Three truths must underlie all U.S. thinking on foreign relations, said Ike. "The destiny of man is freedom and justice; human liberty and free government are powerful sources of human energy . . . mightier than armaments ; third . . . people are what count-a sympathetic understanding of other peoples." The responsibility for this lofty approach cannot be met by paper work in a government bureau but requires that "every American . . . daily breathes into it the life of his own practice...
...heavy prose has exaggerated the complexities and difficulties of his generalizations. "If I were he," one professor claims, "I'd spend a whole year revising each book. He just doesn't stop to sweat out expressions." As a result, Toward a General Theory of Action was nicknamed. "The Yellow Peril," and the publishers called in a graduate student to clarify the writing. This graduate student later became one of Parsons' closest collaborators, but not before "Parsonian Prose" had become a permanent part of the faculty vocabulary...
...under the authority of the President, and I really personally believe it would be a mistake to make it definitely and directly responsible to the political head of the state." Four years ago, well aware that Harry Truman had let the Treasury run Federal Reserve policies, to the peril of the U.S. economy, Ike pledged he would preserve the board's new status of independence. On the eve of a fresh campaign, he was happy to reaffirm the pledge...
Next Reform. The Ibáñez reforms are not free from peril, though considerably less frightening than the destructive inflation cycle. The first effect of freeing the peso was to devalue it (from the official rate of 300 per dollar to a current 460). That puts heavy strain on the ceiling prices of imported goods, and the whole program is in deep trouble if price ceilings give way. Sure that they will, Labor Federation Leader Clotario Blest, blinking tired eyes in the sunny patio of Santiago's Central Jail, says: "The heart of the matter is that only...
Last week, with Israel's technical machinery at a virtual standstill and with the nation's health in peril, the government had no choice but to make a token sur render. Seizing on a compromise offer from the strikers, it agreed to give them two-thirds of their promised pay raise now, and the rest within three years. Within twelve hours, the government announced that it was also considering increases for all workers...