Word: reform
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Dates: during 1970-1979
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...mighty British pound from $4.03 to a low of $1.55 was both a contributor to and a measure of Britain's postwar decline. When Charles de Gaulle returned to power in 1958, one of his first acts was to restore the French franc to strength with a currency reform that devalued the franc, established an austerity program and even symbolically replaced the Monopoly-money ancien franc with a nouveau franc at a rate...
...stability of the American economy and the world financial system demands a decisive policy that goes much beyond talk. It should be a threefold strategy, of immediate steps to stem the dollar's decline, medium-term measures to correct the dollar's underlying weakness, and long-term reform that would stabilize the American currency inside a more certain monetary system. In sum, the U.S. can come to the aid of its currency if it takes a mix of actions...
...found themselves trudging the gangplank. This is the year the "barren ground" liberals like Mike Dukakis and Jerry "Jarvis" Brown are discovering precious little sustenance from the earth they scorched in a vain attempt to hold off the advancing barbarians. This is the year the swell for labor law reform hit a crosswind; the year natural gas deregulation came in a gusher. This is the year of The Great Temptation to trumpet a Right-Wing Trend. Well, get thee behind me, Satan. Because this is a year like most years in American politics...
Bowersock's proposals are primarily aimed at the larger social science departments such as Government and History. Many tutors and professors in these departments agree that some type of reform is needed...
Part of the problem is the stone wall thrown up by many oldtimers at the agency, which provides $5 billion a year worth of office space, supplies and housekeeping services to federal bureaucrats. The GSA veterans have survived past attempts at reform, and many of them are determined to tough out the current investigations. Said Alto: "You wouldn't believe the resistance we are meeting." So far, despite President Carter's instructions that he net some "bigger fish," Alto has been able to build cases against only small-fry officials and contractors...