Word: soaring
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...flow in and domestic capital will flow out. When governments begin to welsh, devaluate and expropriate, capital flees. Such was the case with Indonesia under Sukarno and Brazil under Goulart. And merely printing money cannot create capital. All that that usually does is bring on inflation. When prices soar and money values decline, people usually put their money into goods instead of savings...
...settlement of debts with other countries. That "selective convertibility" recipe stops short of outright dollar devaluation be cause some gold would remain avail able at today's price. It would also keep U.S. gold losses to a minimum. The free-market price of gold would un doubtedly soar, but that at least would promote mining and hinder future spec ulation. Raising the price of gold would require authorization from Congress, a process so subject to debate and delay and consequent speculation in gold that it is a practical impossibility. Reierson's plan, on the other hand, could...
...educational costs have begun to soar. Kingman Brewster, president of Yale, estimates that his operating budget will climb from 89 million dollars to 206 milion dollars by 1976 without a change in enrollment. At present, no one foresees any significant increase in public or private aid to cover these rising costs. If the Bank loans were generally available, Congress and wealthy donors might even feel justified in reducing the present level of their aid. Since the Zaccharias plan assures that every student can finance his education regardless of its cost, colleges would probably raise student charges to incredibly high levels...
...Russia before the ideological split in 1960. Its gaseous-diffusion plant at Lanchow is estimated to turn out enough U-235 to build some 20 bombs a year, and Peking now has as many as 80 bombs of various kinds in various stages of development. That rate will likely soar sharply: U.S. scientists estimate that Peking will have a stockpile of 100 H-bombs alone...
...When you soar like an eagle, you attract the hunters." So said Attorney Milton S. Gould last September in arguing that his client, Miami Beach Industrialist Louis E. Wolfson, 55, was the innocent victim of a U.S. Government vendetta. A New York federal jury disagreed, found the high-flying Wolfson guilty on each of the 19 counts against him. Last week that conviction brought Wolfson, chairman of the Merritt-Chapman & Scott construction complex and one of the U.S.'s most controversial corporate raiders, a one-year prison sentence and $100,000 fine. Federal Judge Edmund L. Palmieri also sentenced...