Word: basics
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Dates: during 1960-1960
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...European political structure-perhaps a permanent series of European summit meetings or a permanent consultative secretariat for political coordination. Still intent on establishing French leadership of the Continent, De Gaulle was trying to create a counterweight to the U.S. within the Western alliance. Adenauer regards the U.S. alliance as basic to Bonn's for eign policy and thinks De Gaulle's dream dangerous. Accordingly, falling back on the technique with which wives have brought straying husbands to heel since the dawn of time, the shrewd old Chancellor embarked on a new flirtation...
Republicrat or Democan? Reporters who made the long plane trip with him cabled home informed stories about what kind of campaign strategy Nixon intended to follow. The basic decision was to try to erase the public's old image of a highly partisan Richard Nixon and substitute a new statesmanlike image to appeal to independents. On the trip, Nixon repeated again and again that he intended to "avoid personalities" during the campaign and "leave the low road to him"-meaning Jack Kennedy, though sometimes, when he accused Kennedy of buying the labor vote, it took a sensitive altimeter...
...leader, dredged up a Benson statement saying that Nixon "had participated in the development" of the Administration's farm program. This moved Kennedy to declare that Nixon's "betrayal of the Benson farm program which he helped to write accurately pinpointed Mr. Nixon's lack of basic beliefs." And Election was still twelve weeks away...
...grandson Wolfgang was up. to his old tricks: stripped down, sparsely lighted productions designed to free the stern old gods of Valhalla from heavy, cardboard-shield and plaster-throne cliches. But by now, this once revolutionary style has produced some bothersome clichés of its own. The basic stage set of last week's Ring was an eight-ton, segmented concave disk looking somewhat like a huge radar antenna. In the second and fourth Rheingold scenes it was used intact, tilted toward the audience to suggest the rugged slopes of Wotan's mountain home; in other scenes...
Since the end of the 1946-47 period, when 100% margin was required (i.e., stock could not be bought on margin at all), the Fed has cut margins four times. Each time the margin changes had little effect on basic market trends except to stimulate short-term rallies and raise volume...