Word: talking
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Dates: during 1970-1979
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Until very recently the Carter Administration had tried to find benefits in a weaker dollar, claiming that it would encourage American sales abroad; and a year ago, Treasury Secretary W. Michael Blumenthal was arguing that the dollar was too expensive, and tried to talk its value down. Fortunately that view has been forcefully dismissed. Says Federal Reserve Chairman G. William Miller: "Any idea that it is in the interest of the U.S. to have a weak dollar, to have a lower dollar, is false prophecy. It is just not right...
...that past mistake because worldly bankers and investors are very skeptical about the commitment of the Administration, and they have adopted a "show me" attitude. Quipped one top banker at the annual meeting of the International Monetary Fund in Washington last week: "He who talketh down the dollar cannot talk it back up." Of course, the stability of the American economy and the world financial system demands a decisive policy that goes much beyond talk. It should be a threefold strategy, of immediate steps to stem the dollar's decline, medium-term measures to correct the dollar...
...intellectual austerity of Paul VI, his successor's radiance, humility, directness and lack of pomp immediately endeared him to masses of people in a media age, as if they had befriended him by wire. "I felt that if I had a problem, I could go to this Pope and talk to him about it," said Father John T. Pagan of New York's Little Flower Children's Services. For many he seemed to rekindle singlehanded some half-lost feeling of goodness about the church...
...earlier age so untimely a death might have stirred deep suspicions. "If this were the time of the Borgias," said a young teacher in Rome, "there'd be talk that John Paul was poisoned." Nothing illustrates how far the church has come since those devious days so well as the 1975 decree that no autopsy be permitted on the body of a Pope...
...Hopeful talk of "convergence" and a plea for the LDCs...