Word: weaken
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High officials of the Federal Reserve Board believe that De Gaulle, aided by Spain's Franco, is trying to form a new European axis designed to embarrass and weaken the U.S. by attacking the dollar. To buttress the dollar, Federal Reserve Chairman William McChesney Martin Jr. has been strongly urging President Johnson to move swiftly and dramatically to wipe out the deficit in the balance of payments. "Some way or other, something has to be done," Martin said recently. "It is important that we face up to the fact that we have become a chronic deficiteer-and that leaves...
...FreeMasonic" vehicle for a "Moscow-directed campaign" by Franco's government, as a passel of "lunatics" by Peking Radio. But the invective merely convinces Secretary-General Seán MacBride that he occupies a challenging job. "Invariably our views displease the governments who practice injustice or seek to weaken the rule of law," says MacBride, 60, a former Irish revolutionary whose own love of justice blossomed in many a British jail...
...Most Daring. If the U.S. had to pay a price for the protection of the dollar-and only time would tell just what that cost to the economy would be - it was also moved by self-interest in coming massively to the aid of the pound, which continued to weaken de spite Britain's rate hike. Had Britain been forced to devalue the pound, the resulting chaos might not only have snarled world trade and weakened the West, but would almost certainly have undermined the dollar as well. It was clear to the Americans that they...
...example, Calvert explained that the extension of Polaris missiles to NATO powers would weaken our position militarily, but may strengthen it politically...
...Gaulle's long-range policies, Hoffmann said in an interview, aim at a Europe equally independent of U.S. and Russian domination. Participation in an MLF dominated by the U.S. would necessarily weaken such a possibility, the French President feels...