Word: underpinning
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Dates: during 1960-1969
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...which time the Ministry of Energy and Mines must have acted on the IPC appeal), the U.S. may go ahead and invoke the amendment. At the present time, though, the Yanqui dollar has begun to look like a more formidable weapon. U.S. banks normally underpin Peruvian industry and trade with about $150 million in loans; these funds have been reduced sharply since the expropriation arguments began. Another potential $700 million in U.S. private investment in Peru, mostly in copper mining, is being held up until the issue is settled. Advisers have rightly warned Velasco that such losses are more detrimental...
...Wall Street, merger battles often give a dizzy lift to stock prices long before actual mergers can create any fundamental economic values to underpin them. For example, shares of Scientific Data Systems, a Southern California maker of high-speed computers, leaped 17 points, to 120, in one day last week on news of a tentative merger agreement with Xerox. This sort of thing perturbs some economists, who fear that the speculative fever could end in scandal or stock bust. As far as Congress is concerned, that only provides another reason to clamp down on conglomerates and their fancy financing...
Technically Insolvent. The aid package involves a fundamental if delicately controlled change in the world's intricate monetary system. Other nations hold pounds and dollars, along with gold, as reserves to help underpin the value of their own currencies, using them to bankroll trade and settle international accounts. British pounds constitute the main reserve asset for the 66-member sterling area, which consists of British dependencies and Commonwealth members (except Canada), plus Ireland, several Arab and a few Asian states. When Britain devalued the pound last November, the value of these other countries' reserves fell 14.3% overnight...
...intended to be seen as Aeneas, founder of the Roman race after the fall of Troy. The mock heroics are well sustained, though Burgess now modestly sees the Virgilian parallel as a "tyro's method of giving his story a backbone," as Joyce used the Odyssey to underpin Ulysses. But Burgess is not Virgil any more than Joyce was Homer. His hero loses nothing by being a comic rather than a classic. He has also been given another dimension. If Ennis is not much of a Roman, he is fatally a Roman Catholic, a failed one, trying...
...ankles like a college freshman's, she bounces around as she sings, and cuts little dance steps that underpin the structure of her song. And no matter what lines she delivers-"It's delightful, it's delicious, it's delectable, it's delirious, it's dilemma, it's delimit, it's deluxe, it's de-lovely"-she adds no fillips. She enjoys herself too. When a song finishes and she steps for a moment out of the conical spotlight glare, her face puckers like a little girl...