Word: texans
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...procedure is agreed on that will rectify" the U.S. imbalance. The U.S. will chuck the surcharge, he promised, provided that other governments 1) "make tangible progress toward dismantling specific barriers to trade," and 2) "allow market realities freely to determine exchange rates for their currencies for a transitional period." Texan Connally is fast learning the wooden, oblique language of international moneymen...
...John Maynard Keynes, Dean Acheson, Henry Morgenthau and politico-economic experts from 45 other countries huddled in the little New Hampshire resort town of Bretton Woods in 1944 has there been a monetary meeting like the one convening in Washington this week. John Connally, the tough but still charming Texan, will be there as the chief attraction, if one can put it that way. So will assorted treasury chiefs, finance ministers and central bankers-France's Valéry Giscard d'Estaing, Germany's Karl Schiller, Italy's Guido Carli. Like their predecessors at Bretton Woods...
...Texan's performance left many European officials still puzzled as to what the U.S. really wants right now. The Nixon Administration's eventual goals, of course, are both clear and laudable: a new financial system with more flexible exchange rates based on a frank recognition that the dollar is no longer worth its stated value in many foreign currencies, and a revision of world trade rules that would enable the U.S. to increase its exports and wipe out its balance of payments deficit. That is a bold program; the difficulty is that no one knows quite...
Such official attempts to silence student publications are not new. In the past year, bureaucrat-censors have imposed censorship on the Daily Texan at the University of Texas and forced the resignation of three editors of the Daily Californian at Berkeley. Palo Alto police ransacked the offices of the Stanford Daily in an attempt to confiscate pictures to use as evidence against a group of demonstrators. Many college functionaries--like BC's President W. Seavey Joyce--and public officials--like Massachusetts Attorney General Robert Quinn, who prosecuted the Heights editors--apparently believe that freedom of the press is a right...
Such official attempts to silence student publications are not new. In the past year, bureaucrat censors have imposed censorship on the Daily Texan at the University of Texas and forced the resignation of three editors of the Daily Californian at Berkeley. Palo Alto police ransacked the offices of the Stanford Daily in an attempt to confiscate pictures to use as evidence against a group of demonstrators. Many college functionaries--like BC's President W. Seavey Joyce--and public officials--like Massachusetts Attorney General Robert Quinn, who prosecuted the Heights editors--apparently believe that freedom of the press is a right...