Word: schweitzer
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...Murphy, 27, Allen Dale Kuhn, 26, and Roger Clark, 29, might have drawn up to 21 years each in the pokey for swiping $410,000 worth of gems from Manhattan's Museum of Natural History last October. They rated "sympathetic consideration," New York Supreme Court Justice Mitchell D. Schweitzer decided, because they did help recover most of the gems, notably the 563-carat Star of India sapphire, the Midnight sapphire, the Easter Egg emerald. If they can just manage to think where the still missing 100-carat De-Long ruby might be, they could get back in the swim...
...that it would create more money that could be used in international trade. The obvious flaw is that many countries might be reluctant to turn over to the IMF powers to expand and contract the international supply of money. Replying to that objection, IMF Managing Director Pierre-Paul Schweitzer notes that the size of the money supply is now determined by such hazards as the extent of the U.S. dollar deficit and the amount of South African gold production-and that it would be far better for the world to control its monetary reserves by "deliberate decision...
...There is an emerging consensus among the international community," notes Pierre-Paul Schweitzer, managing director of the International Monetary Fund, "that the creation of international liquidity, like the creation of domestic liquidity, should become a matter of deliberate decision." The debate now raging with regard to the future of the world monetary system will probably result in some revision...
Strong support for this optimistic view came last week from Pierre-Paul Schweitzer, the managing director of the International Monetary Fund and the world's top currency controller. "A more realistic assessment would some what lower the figures for the overall deficit," he said. "The structure of the U.S. balance of payments is one of underlying strength...
...reserves available to finance the expanding amount of world trade. How Can the System Be Improved? There is rising support for creating a new international money. More than a dozen separate plans, differing widely in details, have been suggested by such men as International Monetary Fund Chief Pierre-Paul Schweitzer and U.S. Economist Robert Triffin. Some of them would give the IMF power to create money and credit, somewhat as Lord Keynes suggested a generation ago. Others would create a pool of money from the world's dozen richest nations, to which each would contribute according to its wealth...