Word: traded
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Dates: during 1970-1979
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...Kling, president of Landmark Bancshares of Missouri, who used to work with U.S. Trade Negotiator Robert Strauss, helped raise money for the gala. Acting on White House authority, he persuaded at least 13 companies and banks (including Xerox, Bank of America and Chase Manhattan Bank) to ante up 5,000 tax-deductible dollars apiece. The White House did not say how much it raised for the dinner, which cost more than $80,000. Anything extra would come out of the State Department's entertainment budget. When questions were raised about the propriety of soliciting private cash, the White House...
Then came Britain's winter of discontent, in which a wave of strikes badly tarnished Labor's image as the only party capable of dealing with the powerful trade unions. The strikes took on a personal note for Britons, as garbage piled up in the streets, and schools and hospitals in many cities either shut down or operated part-time; in an action that offended the country's sense of decency and fair play, ambulance drivers went on strike, putting life itself at risk. By the end of a nasty winter, Callaghan's popularity had been...
OPEC'S price rises do heavy damage. Third World countries that do not process oil will suffer grievously from slower growth, higher inflation and wider trade deficits. Similar penalties will be inflicted on Western Europe and Japan. The U.S., because it is the biggest customer for OPEC crude, will suffer the brunt of the latest increase. The effects will be felt just as signs of the long awaited economic slowdown are appearing...
...resolution particularly worth noting asks Mobil to recognize black trade unions. The resolution is sponsored by a group of Cornell students called the Corportate Responsibility Project, which studies its University's investment practices and buys stock in specific companies so it can introduce shareholder resolutions. Cornell's student trustees serve on the project, as well as undergraduates and law students. The money to purchase stocks comes partly from student fees...
What, then, is the "world at large?" It is the world where money is available to trade cereal. The world at large does not include the "most seriously affected" nations. Grain stockpiles are increasing in "the world at large." We need not fear a sudden monumental famine--but the citizens of much of the world can't get a hold of that grain...