Word: trusts
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Dates: during 1970-1979
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...York's Morgan Guaranty Trust Co. calculates that the latest devaluation has shaved an average 6.5% off the price of the greenback relative to the money of 14 major U.S. trading partners. Taking into account the December 1971 devaluation as well, the dollar is now worth an average 17.1% less against these currencies. The question is whether that decline will make U.S. exports cheap enough for foreign buyers, and imports expensive enough for American consumers, to bring U.S. international trade closer to balance -and whether the still nervous exchange markets will give the devaluation the necessary time to begin...
...hero-worship: every revolution, as Shaw occasionally pointed out and as the NLF has occasionally proved by its executions of province chiefs and the like, attracts those for whom established injustice is too exacting as well as those for whom it is not exacting enough. Neither can we trust in revolutionary insensitivity. Suffering is real even if it comes in a progressive cause. Nixon's correspondent is deceived. Her son would be no less dead if his death had a meaning. Neither fervor nor ideology can restore life...
...questions are good ones and I trust that many of them are dealt with in the courses offered by this department. It is also evident that they cannot be answered by the traditional type of economic analysis alone. But the answers do not all point in one direction; nor has "radical economics" provided us with a wholly different set of tools by which to find them, tools which cannot be linked with traditional analysis and which (as radical economists would have us believe) render communication between believers and non-believers impossible. A university, as I understand...
...kind of town where a base population of 10,000 (swelling during the winter to about 40,000, including the contingent of imported British servants) supports no less than eight branch offices of New York Stock Exchange firms; a bank that handles about $500 million in its trust department; some 25 art galleries peddling an estimated $10 million worth of what local Culture Critic Rolf Kaltenborn calls "the worst art per square inch of any place in the world"; a brand new Rolls-Royce dealership that has sold 35 cars since its opening in West Palm Beach last September...
...Highway Trust Fund, which now finances only highway construction, to provide money for new mass transit systems...