Word: strengthen
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With Resignation. The U.S. had little choice but to do what it did, and it moved with skill and speed. The British raised their discount rate from 5% to 7% to strengthen the pound against banks and corporations that were dumping it in fear of possible devaluation, and against speculators who sold short in the hope that the pound would be devalued and they could later buy it back at depressed prices. The rise meant that the British rate would be twice as high as the 31% U.S. rate, and, as one Swiss banker put it, "7% would drag money...
...example, Calvert explained that the extension of Polaris missiles to NATO powers would weaken our position militarily, but may strengthen it politically...
...says, "then I am a Communist. But if you mean denial of freedom, then I am not." Chance for a Coalition. Cheddi's chief opponent, Negro Leader Forbes Burnham, considers this pure doubletalk. A graduate of London University, Burnham is an able, experienced politician who would strengthen the colony's ties with the U.S. Chances are that Jagan will win the most votes, but not the 51% majority he needs to form a government. In second place will come Burnham, and third, the United Force Party, led by Portuguese Businessman Peter d'Aguiar. Anti-Jaganites then hope...
...G.O.P. "The present party leadership," he said, "must be replaced -all of it." Some moderates were upset over reports that the G.O.P. had wound up the 1964 campaign with a $1,200,000 surplus instead of the usual deficit, suggested that the money was withheld to strengthen Goldwater's grip on the party...
When John Kennedy stood before the world in 1961 and proposed his Alianza para el Progreso, his dream was a partnership that would strengthen the economic and democratic institutions of Latin America. Since then, the U.S. has sunk $3.7 billion into Latin America. Yet it remains a continent of upheaval, swept by persistent revolution that betrays a discouraging inability to maintain a stable government. Last week's revolt in Bolivia marked the ninth time a military regime has taken power by force in the last four years...