Word: traded
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Dates: during 1960-1969
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...money spent in various programs to foreign policy objectives. The Department, for example, has no easy way of finding out what proportion of all the money that goes to a given country is helping to raise its standard of living, as opposed to aiding its army or changing its trade policies...
They had a powerful ally in the Metropolitan Board of Trade, which virtually controls the city through its influence and dealings with the House District Committee, and does not wish to lose its control. Moreover, the businesses represented on the Board of Trade fear a rise in local taxes--among the lowest in the area--if a local government raised its budget in order to improve schools and welfare services...
...Board of Trade sensibly favors D.C. representation in Congress because it can deal easily with Congress-men and because any sort of representation would relieve pressure for home rule. It is now up to home-rule supporters to extend their fight beyond the city's boundaries and arouse enough national concern to force a hesitant Congress to go beyond the President's modest proposals and pass a democratic measure...
...address myself for a moment to this trinity of matters. The ADA in the past has had its political base in a rough coalition between unattached liberals and liberal trade unionists. So I trust it will continue to be. We shall continue to find strength in our alliance with men like Walter Reuther, "Abe" Abel, Louis Stohlberg and others who believe in their old-fashioned way that liberalism is the cause of the worker. But we must also be aware that large sections of the labor movement are no pillar of liberal strength. On the contrary the leadership is aged...
...designed to right a lopsided economy living far beyond its means. Fueled by inflationary wage increases along with a demand for foreign TV sets, autos and other frills that Sapir calls sheer "gluttony," Israel's imports until recently have soared far beyond its exports. So large is its trade deficit that the Israeli pound is threatened with devaluation. In an effort to stave off that embarrassment, Sapir moved to cut consumption by raising import duties and holding down wages. He also tried to force more workers into crucial export industries by holding off on new pump-priming public-works...