Word: plan
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Dates: during 1960-1969
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...first stage of the reunion plan would have required Methodist acceptance of the Anglicans' "historic episcopacy" and a "service of reconciliation" recognizing the validity of each church's ministerial orders. This would have brought the two churches into "full intercommunion," which means that Anglicans could receive the sacraments from Methodist ministers, and Methodists from Anglican priests...
...plan has the particularly unattractive name of "crawling peg," but it has a notably attractive list of advocates. It was popularized largely by Princeton Economist Fritz Machlup, and lately has been advocated, in one form or another, by German Economics Minister Karl Schiller, French Finance Minister Valery Giscard d'Estaing and Hendrik Houtthaker, a member of the U.S. Council of Economic Advisers. Last week Guido Carli, governor of the Bank of Italy, also offered a crawling-peg plan...
...Road Ahead. At its September meeting in Washington, the International Monetary Fund is expected to appoint a committee to study the many peg plans. IMF Executive Director Pierre-Paul Schweitzer has invited official discussion of the peg and a companion plan for greater exchange-rate flexibility, the "wider band." Under this plan, currencies would be allowed to swing 2% to 3% above or below their official parity. A wider band would give the crawling peg more room in which to crawl, and would lessen the frequency with which central banks have to intervene in world money markets to support...
Blackout. The National Association of Broadcasters' self-policing TV and radio "code-review boards" proposed that the industry begin a gradual phase-out of cigarette commercials over a three-year period starting next January, and eliminate all cigarette ads by September 1973. Adoption of the plan by the full N.A.B. is only a formality. The N.A.B. program would affect the three TV networks and about 400 independent TV stations, as well as 6,272 radio stations that subscribe to the N.A.B. code. Many of the non-code stations, which account for 36% of TV and 64% of radio stations...
...fadeout can come fast enough to please the cigarette's most zealous opponents. Utah's Moss feels that the N.A.B. plan "may take too long." And he is anxious to move on to his next target: cigarette ads in printed media...