Word: roosa
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...governments and companies borrowed a record $1.2 billion on Wall Street; Europe not only took a fourth of that for itself, but saddled the U.S. with the investment needs of many developing countries that should be partially served by European capital. Treasury Secretary Douglas Dillon and Under Secretary Robert Roosa have complained publicly to Europeans about this drain...
...FOREIGN AID: U.S. military and foreign aid added some $3 billion to the payments deficit in 1962, and, says Treasury Under Secretary Robert Roosa, "the blunt fact is that these claims on our balance of payments will continue...
Some European and U.S. bankers fear that the endless lending and relending of Eurodollar balances has already led to a dangerous pyramiding of credit. Fortnight ago, U.S. Under Secretary of the Treasury Robert Roosa urged Congress to try and lure the wandering dollars home by eliminating U.S. interest ceilings on deposits from foreign central banks...
...Economists frequently deplore it, businessmen point to it with alarm, and the Administration itself has put some of its best minds to work combating it. Thanks to all the fuss, the balance-of-payments problem may no longer be such a worry. Last week Treasury Under Secretary Robert V. Roosa told the House Banking and Currency Committee that the U.S.'s payments deficit in the second quarter of 1962 was very much smaller than in the first quarter, and that the deficit for the year is shaping up at between $1 billion and $1.5 billion, a vast improvement over...
...policymakers-from "conservative" Federal Reserve Board Chairman William McChesney Martin Jr. to "liberal" Chief Presidential Economist Walter Heller-that the nation can have prosperity as well as stable prices. If so, that would contradict the inflationary pattern of previous postwar recoveries (see chart). But, as Treasury Under Secretary Robert Roosa says, "this recovery period is different from all others...