Word: planning
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Dates: during 1970-1979
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...study abroad plan would have expanded foreign study without instituting a Harvard campus abroad. CUE members rejected an offer from Stanford University to join their overseas Studies Program, which runs 12 residential campuses in Europe. The committee contended the program isolated students, creating "American ghettos" at the centers...
Under the CUE plan, students abroad would not have been required to devote half their time to their concentration. The plan also allowed students to receive credit in any course category--concentration, Core, independent work and elective--for classes taken abroad. Eliminating the minimum concentration course requirement for study abroad especially benefits science concentrators who have trouble finding foreign courses that sufficiently duplicate the Harvard offerings...
...Miller met with their West German counterparts and Chancellor Helmut Schmidt in Hamburg as part of a series of continuing huddles that grew out of the now faltering dollar-rescue package of November 1978. The West Germans told the new Fed chief that any sort of Son of Rescue plan would now be simply unacceptable. If Washington wanted anything more than disdainful sympathy for its economic malaise, the Germans indicated, it would have to stage a sustained assault on inflation itself. The U.S. could not just go on blabbering about exchange-rate instability, as if all the dollar's woes...
...first two items?an increase in the discount rate and the setting up of reserve requirements for offshore bank borrowings?went through smoothly enough, but the third presented a procedural problem. As a revolutionary change in Fed operations, the plan to focus day-to-day attention on actual money creation required not only board approval (which was given unanimously) but the support of the Open Market Committee, which comprises not only the board's governors but also five other representatives from the Fed's twelve regional banks. Just after lunch a conference call was arranged, unanimous support from the governors...
...record, adverse moral and political risk, bad internal debt situation"-and then lent the country $90 million that was soon defaulted. Wall Street banks today have $48.7 billion in loans outstanding to Peru and other oil-poor developing countries. Consumers in the '20s had just discovered the installment plan and were plunging into debt to buy radios, refrigerators and that new Model A from Henry Ford. Their grandchildren now have "plastic money" in the form of credit cards and owe $292.5 billion. The '20s real estate boom was centered in Florida, had created millionaires and seemed to prove...