Word: term
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Dates: during 1970-1979
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...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's underlying weakness, and long-term reform that would stabilize the American currency inside a more certain monetary system. In sum, the U.S. can come to the aid of its currency if it takes a mix of actions...
REFORM THE MONETARY SYSTEM. Beyond these short-and medium-term measures, there is need for long-range changes in the world's money system. Since early 1973 the system has been based on floating rates: a currency's value is set by supply and demand on money markets. This replaced the old system in which rates were firmly fixed in relation to gold and the dollar. The earlier structure had served fairly well for almost three decades but then had broken down because exchange rates could be changed only abruptly, sharply and in a crisis atmosphere...
Daniel Cohn '79, a Lowell House representative on the Committee on Houses and Undergraduate Life (CHUL), said Benjamin Walcott, assistant director of Food Services, has agreed to postpone the renewal of a long-term contract with Nestles in order to give CHUL and other House committees time to vote on the boycott issue...
Mullan urged the students to consider a career in primary care, especially in underserved areas because "it offers greater flexibility over the long term than specialization...
Williams said the department has not reached any conclusions yet. "It's too early in the game. We hope, though, to make a statement sometime in the spring term," he added...