Word: withdrawal
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...Federal Reserve now controls about 70% of all bank deposits, but its leverage could weaken greatly if many more banks withdraw from the system. Senate Banking Committee Chairman William Proxmire and his House counterpart, Henry Reuss, have proposed dealing with the situation by enacting mandatory reserve requirements for all financial intermediaries (including thrift institutions) that accept checking accounts, thus nullifying the edge that non-Fed members now enjoy. That could permit reserve requirements to be reduced for everyone. But Congress must act soon. At present, nearly 600 banks are thought to be considering fleeing the Fed. If they do, scores...
Wolsky lived in Lionel Hall for a month and a half before his health forced him to withdraw from the College in November...
...that period large issues about the role of the writer in American society were raised. As Granville Hicks has written, the central tension for the American artist has been one of "struggle or flight": whether to stay in this country and make an artistic go of it, or gratefully withdraw to some Parisian garret. Partisan Review editors--and William Phillips was chief among them--chose to stay and struggle during the 1930s. Their magazine represented one attempt by intellectuals to provide a forum in society for the dispossessed artist...
When twelve Vietnamese divisions swept into Cambodia last December, Hanoi billed the blitzkrieg invasion as a "liberation." Having overthrown the genocidal regime of Pol Pot and installed their own puppet government, headed by Heng Samrin, the Vietnamese might then have been expected to withdraw, if only to defend their own northern border against China. Instead, it has become increasingly clear that what Viet Nam actually has in mind is the colonization of the country the Cambodians now call Kampuchea...
...became a controversial innovator as Bishop of Rochester. Known till then as a conservative, he put a civil rights activist on his staff, let parish priests elect his top aide and "taxed" church construction projects to help the poor. In 1967 he called on President Johnson to withdraw all troops from Viet Nam. But when he tried to sell a church and give the money to the poor without consulting the parishioners, he was forced to reverse himself, and soon asked to leave Rochester, a year before the usual retirment...