Word: shores
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...many underdeveloped countries, the federal government is finding it increasingly difficult to manage an economy dominated by global corporations. The traditional tools of Keynesian monetary and fiscal policy no longer seem applicable. Global corporations have created off-shore banks which allow them to control their own credit supplies, thereby subverting the efforts of the Federal Reserve System to regulate the economy through control over the money supply. Similarly, the corporations have been able to wield the same weapon against U.S. fiscal policy as they have against those of Latin American governments: "transfer prices" (the manipulation of internal transactions to minimize...
...Each of these women has made a sufficiently unusual contribution in her particular field to warrant, in the committee's judgment, honorary membership in the Phi Beta Kappa," Eleanor G. Shore '51, chairman of the chapter's Committee on Honorary and Alumni Membership, said yesterday...
...president of San Francisco State College, did precisely that in his campaign for the U.S. Senate from California. A backslid Democrat who now calls him self a "Republican unpredictable," Hayakawa explained the difference between the two this way: "Republicans are people who, if you were drowning 50 ft. from shore, would throw you a 25 ft. rope and tell you to swim the other 25 ft. because it would be good for your character. Democrats would throw you a 100-ft. rope and then walk away looking for other good deeds...
...beginning to enjoy the passing, at long last, of a stubborn recession (see ECONOMY & BUSINESS), Italians had new gloomy statistics to ponder. The lira dropped to an alltime low of 920 to the dollar, despite heavy intervention by the Bank of Italy, which spent a reported $1 billion to shore it up in March and April alone. Mean while, the balance of trade deficit, it was also announced, increased by $1.5 billion in the year's first quarter, equivalent to the total deficit for all of last year, and imports will be severely curbed as a result...
...dust jacket on The Canfield Decision, offering the most succinct description possible of the novel's author. And he was formerly the nattering nemesis of network television as well. Now neither, Spiro Agnew has been all but inescapable in TV studios lately as he tapes interviews with Dinah Shore, Merv Griffin and Mike Douglas -not as an erstwhile politician, but as a self-promoter of his book about a liberal-leaning Vice President with eyes for the top job. "The real driving need to write The Canfield Decision was making a living," Spiro told Merv, claiming that...