Word: proved
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Dates: during 1970-1979
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...export companies obey Washington's wishes.) The notice is not likely to come until after the bulk of the U.S. harvest is reaped and counted in September. Butz emphasized that "we do want to sell more to the Soviet Union" and said that if current U.S. crop forecasts prove correct, "it will easily be within our capacity to do so." Still, the U.S. could hardly spare the entire amount that the Soviets want without serious inflation...
American Banks. Conceivably, the decision may prove costly. Until recently, international publicity about political repression in Chile had undermined Pinochet's efforts to obtain desperately needed aid. In the past few weeks, however, a group of American banks that includes First National City, Bank of America, Morgan Guaranty and Chemical Bank, had put together a $70 million renewable credit for Chile. But with the furor over the apparently forged death lists growing stronger every day, what Pinochet hoped might be the beginning of a stream of foreign loans could quickly...
...despite growing disenchantment among younger physicians and an anticipated decline in membership, the A.M.A.'s opposition to any government interference in the practice of medicine or in the education of physicians remains unaltered. It is this intransigence, rather than Sore Throat's leaks, that may ultimately prove to be the A.M.A.'s undoing...
Some Doubt. Moreover, the OECD warns, in most countries outside of the U.S. the recovery will be so weak that "there must be some doubt whether it will prove self-sustaining." Inflation may settle at around 6% in the U.S. and West Germany, but elsewhere it will remain higher. In France it should level off at around 9% early next year, in Italy 12.5%, in Japan 8.5%, and in Canada 8%. If Harold Wilson succeeds in curbing the extravagant wage demands of his country's unions, Britain's rate could be reduced...
...moment, other nations can take comfort from the fact that the U.S. will be cooperating with their stimulative plans, though not necessarily by design. If growth forecasts, now in the 7% to 8% range for the fourth quarter, prove correct, the U.S. recovery should spill over, through trade, more rapidly than expected-especially to Canada. Europe should also get a special boost from the spectacular and generally unexpected recovery of the dollar on foreign exchange markets. Reacting to rising interest rates in the U.S., foreign exchange dealers have bid the dollar up 7% to 8% against the major European currencies...