Word: softened
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Sudden Drama. The Soviet Foreign Minister declined to soften Russia's recently restated demand for the severing of all of West Germany's governmental ties to West Berlin as the price for easing Communist control of the isolated city's vital access routes. Both Nixon and Gromyko steered away from one subject that had presumably been settled: the "submarine base" allegedly under construction at Cienfuegos, Cuba. Under a secret agreement reportedly reached earlier, the Soviet Union agreed to withdraw the four submarine-refueling and supply vessels sighted at Cienfuegos in return for a U.S. promise to soft...
Some U.S. officials would like to see Jerusalem soften its insistence on rectification as a condition for peace talks with U.N. Representative Gunnar Jarring. The Israelis argue that to yield on the missile issue could have disastrous consequences, since Egypt has flaunted bad faith and could not be trusted to keep whatever peace emerged from the Jarring talks...
Still, there is much logic behind a prime-rate reduction. If the General Motors strike is prolonged, business-loan demand is likely to soften. In addition, the Federal Reserve Board lately has been pumping more money into the banking system. From July 1 to Sept. 1, the money supply increased at an average annual rate of 8.3%. Some bankers suspect that Federal Reserve Chairman Arthur Burns is expanding the supply rapidly in hopes of bringing down interest rates to help out his fellow Republicans in the November elections. Key short-term interest rates already have fallen. The "federal funds" rate...
...that spirit that the President had confronted Joseph Stalin at Teheran in late 1943 and later at Yalta. Sensibly enough, Burns makes no extensive effort to justify Roosevelt's misjudgment of the Soviet dictator's reasonableness. He shows the President in private meetings trying to soften up Stalin with mildly anti-British statements and, along with Churchill, helping to wrest from him a few paper concessions about free elections in postwar Poland. At Yalta, though, Burns asserts, F.D.R.'s failure was not the result of ignorance, naivete, illness or perfidy -all of which have been suggested...
Next week the chief legal officers for the 13 states will meet to plan legal strategy. Even if their case fails, the states will try to soften the blow with two bills currently being considered by the House Judiciary Committee. The legislation would give the states rights to submerged resources up to twelve miles from land and provide for federal-state revenue sharing of proceeds from exploitation of natural resources beyond twelve miles...