Word: tuggings
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Though long-term interest rates may resist the FRB's downward tug for some time, volatile short-term rates-the costs of financing shipments and storage of goods-have already eased. Many short-term Government securities are held by foreign investors, and the drop in interest rates may encourage them to seek higher rates elsewhere in the world, cause a drain on U.S. gold reserves. The gold outflow has picked up speed in recent weeks, now totals some $384 million this year. But this is a healthy improvement over this time last year when the U.S. had lost nearly...
...photographed nuisance of herself oT the U.S. Atlantic Coast-taking bearings on U.S. coastal radars, barging boldly into the midst of fleet and Air Force maneuvers. On one occasion, in a practice session off Long Island, the U.S. nuclear sub George Washington fired a dummy Polaris, and a Navy tug churned over to recover the missile. Before it got there, the Vega steamed over the horizon, headed straight for the floating missile...
...LONG Row TO HOE, by Billy C. Clark (233 pp.; Crowell; $4.50), at first seems to tug too unashamedly at the reader's sympathies. In fact, this autobiographical sketch of a Kentucky boyhood is flecked by neither self-pity nor stuffiness, and its markings of American life are so authentic that a latter-day Mark Twain could reshape it without much trouble into a new Huckleberry Finn...
...Jesuit William Lynch in his book Christ and Apollo illustrates the perpetual tug of war within Christianity between the Old Testament and the New. When he stresses the importance of facing up to the world -reaching the infinite through the finite-he is following the message of the prophets of Israel to whom justice on earth was the way of God. When he derides "do-it-yourself" salvation, however, he is grinding the theological ax of faith v. works, which marks the dividing point between Judaism and Christianity...
...whenever The Sign of Taurus stargazes too abstractedly. Author Fifield gives it a powerful tug back to the earthy sights and sounds of the country-and the sheer physical exuberance of the setting gradually converts The Sign of Taurus into a triumph of Mexico over metaphysics...