Word: spurred
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Dates: during 1960-1969
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...Bureau. Nowhere does the decay show more vividly than in Fidel Castro himself. The old Castro was a swinger, an extrovert who enjoyed yakking with Western newsmen or moving along the embassy cocktail circuit. He gunned around town in a souped-up Oldsmobile, showing up everywhere for spur-of-the-moment rallies, TV talkathons, hilarious games of beisbol in Havana's public parks, spearfishing at Varadero beach and interminable gabfests with the students at Havana University, where he would often hold court until 4 or 5 a.m. No more. Today's Fidel Castro has a dull, grey look...
...critics of France's internal economy, Finance Minister Valéry Giscard d'Estaing announced last week that the government plans to liberalize credits in order to spur investment and exports. That will do much to quiet De Gaulle's business foes. Criticism will also be tempered by French businessmen's acute awareness that they operate in a controlled economy in which the government has enormous power of the purse. As if to emphasize the point, Giscard also said that the government will raise $200 million that it will lend to "selected" industries...
...Every warning about its dangers-such as the current statement by the New York Federal Reserve Bank that the economy "is clearly vulnerable to inflationary pressures"-seems only to strengthen the scent. Last week this "inflation syndrome," plus some good news about the economy, combined to spur the stock market to its second big advance in as many weeks...
...European elections-both scheduled and potential-double the difficulty of ending these impasses. Britain's precarious Labor government, preoccupied with saving the pound, lacks the political and economic base to spur European negotiations and inspire EFTA, of which Britain is the reigning member; furthermore, it may soon find itself facing an election at home. Reinforcing the pound's defenses, the U.S. and nine other countries last week agreed on additional (but unspecified) short-term credits for sterling. Though the speculation-fighting arrangement came at a time when the pound was already gaining strength, one nation made itself conspicuous...
...stem imports, the government ordered a reduction in the amount of money available for purchases abroad, also stipulated that British importers stop paying in advance for foreign goods. Estimated saving: $126 million a year. To spur British sales abroad, Callaghan said that interest charges for short-term export credits will be trimmed from 7% to 6%; the government will also delay planned construction projects for schools, hospitals, housing and roads-thus bravely inviting a rise in unemployment in hopes of overcoming labor shortages in key export industries, such as shipbuilding. To dampen domestic demand and bring down export prices...