Word: voluntaryism
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Dates: during 1960-1969
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∙BUSINESS SPENDING. The President's goal is a $1 billion reduction in corporate investment overseas, which reached $5 billion last year. Under an obscure provision of the 1917 Banking Act, he decreed the first mandatory controls in U.S. history on such outlays, replacing the half-effective "voluntary" restraints...
∙ BANK LOANS. In hopes of achieving a $500 million contraction in last year's $9 billion of bank loans to foreigners, President Johnson ordered a tightening of still voluntary controls administered by the Federal Reserve Board. As with investment controls, the new rules will hit Europe hardest. The...
Course organizer Alan M. Dershowitz, professor of Law, said that the course is not being given for credit only for administrative reasons. Law School facilities will be used, and the Law Faculty members will participate on a voluntary basis, he said.
Membership on the subcommittee was chosen on a voluntary basis, and it was left to the discretion of each group to decide whether or not their meetings will be open. According to one member of the council, 12 to 14 people signed up for the committee on student relations, three...
Marks, Rupees, Eurodollars. One criticism U.S. businessmen do listen to-if not always sympathetically-is Washington's complaint about the effect of globalization on the U.S. balance of payments. "The European splurge," says Assistant Commerce Secretary for International Business Lawrence Mc-Quade, "was an example of American businessmen losing...