Word: weaknessness
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A new American policy to lift the dollar will have to overcome that past mistake because worldly bankers and investors are very skeptical about the commitment of the Administration, and they have adopted a "show me" attitude. Quipped one top banker at the annual meeting of the International Monetary Fund...
FIGHT INFLATION. An immediate dollar-support program will only buy time while the Administration takes the more fundamental action necessary to correct the dollar's underlying weakness. The most important step would be a tough, credible anti-inflation program. Inflation, of course, debauches a currency by reducing its purchasing...
Instead, South Africa stated plans to grant independence on its own terms to the land it has occupied and governed in defiance of the U.N. since 1966. Those terms will inevitably severely restrict campaign freedoms and guide Namibia into a sham confederation of tribal groupings whose weakness will guarantee the...
- Leonard Slatkin, 35, grew up professionally with St. Louis. Before his stint as music director of the New Orleans Philharmonic, he had moved upward, through the conducting ranks of the orchestra he will now head. He is an inventive programmer who likes little-known American works and singles out the...
- Neville Marriner, 54, and Klaus Tennstedt, 52. Minnesota is lucky. It has landed two men who have gained formidable international reputations in a relatively brief time. Marriner, conductor of London's Academy of St. Martin-in-the-Fields chamber orchestra, has "charm and wit and intellect," says one London...