Word: global
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...dazzling promotions continued. Volcker rose to Deputy Under Secretary for Monetary Affairs, took time out for four years as a Chase vice president, then neared the summit of global finance when President Richard Nixon brought him back to Treasury to defend the dollar against attacks from abroad. Volcker did all he could, at one point flying 31,000 miles in five days. But the pressure on the dollar was too great: twice Volcker had to preside over the humiliation of the dollar being devalued...
American strength rests on this miracle of food. Without it Carter might be hoeing peanut plants for the Queen and Kennedy might be a barkeep in Ireland. While we falter in other global competition, this season the U.S. harvest of corn, soybeans, wheat and other grains will humble even mythology. The Soviets know. With tensions high over the troops in Cuba, Secretary of Agriculture Bob Bergland was not sure Moscow's grain negotiators would even show up a few days ago to review purchases. They did, and signaled that they would buy 25 million metric tons of grain...
What made the Nixon Administration so "unAmerican" was its attempt to adjust to a world fundamentally different from our historical perception. The impulses to lurch toward either isolationism or global intervention had to be cured by making judgments according to some more permanent conception of national interest. It was no use rushing forth impetuously when excited, or sulking in our tent when disappointed. We would have to learn to reconcile ourselves to imperfect choices, partial fulfillment, the unsatisfying tasks of balance and maneuver...
...speculators, the IMF would replace as much as $40 billion with its own bonds. Now there are some $225 billion in dollars in foreign central bank vaults and $500 billion more in private hands outside the U.S. For a generation the dollar's dominant currency role reflected U.S. global might; its decline mirrors America's shrunken role...
...course it is reinforced by the Soviets. It has been so for decades. There is legitimate, longstanding concern over the island's use as a training ground for Soviet-Cuban adventures in the Third World, including the Caribbean. But Castro's reprehensible conduct as a global mischief-maker bedeviled American foreign policy long before the ratification of SALT II or the re-election of Frank Church was an issue. Cuba's predatory military probably will continue to be a problem for a long time to come - until the U.S. recovers some measure of leverage on Cuba, possibly...