Word: underlying
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Dates: during 1960-1969
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Under Beuve-Méry's omnipotentiary guidance, Le Monde has become one of the best newspapers in the world. Damned over the years by conservatives, Communists, conformist Roman Catholics, European Federalists, Atlantic-Pacters and the U.S. State Department, Le Monde is read by them all. Indeed, it is...
The conglomerate seminary has obvious practical benefits. Libraries are better. Snared facilities raise teaching standards while keeping individual seminary costs at a bearable level. Cross-registration affords each student the chance to pursue his own curriculum under the best available teachers. The interaction of the diverse groups also contributes dramatically...
U.S. officials, far from celebrating their victory, were negotiating an arrangement to prevent the free-market price from dropping below $35. They intended to do so by loosening up the U.S.-inspired boycott against South African gold. Under the boycott, central banks had bought hardly any South African gold; this...
At a secret meeting last week in Rome, South African Finance Minister Nicolaas Diedrichs and Paul Volcker, U.S. Treasury Under Secretary, framed a compromise. It would permit South Africa to sell a certain amount of new gold to the International Monetary Fund whenever the country's balance of payments...
Stiff Price. The deal brought an angry response from Congressman Henry Reuss, chairman of the Joint Congressional Subcommittee on International Exchange and Payments. He said that the U.S. "would pay a stiff price for any compromise with South Africa." A floor under the private price of gold, he argued, would...