Word: central
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1970
Sort By: most recent first
(reverse)
Ultimate Cross. Gomulka's government has been moving-but slowly and ineffectively-to improve the economy. After lengthy discussions, the Central Committee approved a new Five-Year Plan for 1971-76 and a progressive approach that economists refer to as "the New Economic Strategy." It made sense in theory but, as Alexis de Tocqueville noted, the most dangerous time for a government is hot when conditions are bad but when the regime is trying to make them better. Demonstrating both arrogance and a lack of touch with popular feelings, the government neglected to explain adequately what it was doing...
...rage of riot, arson and disorder eventually reached a point at which the central government was forced to acknowledge it openly. Warsaw television showed a 2½-minute film segment of overturned autos and charred buildings in Gdansk-but no protesting workers. Premier Józef Cyrankiewicz appeared on TV prime time to deplore the riots and to admit "a number of dead in the teens." The toll was undoubtedly higher; the first nongovernment estimate was at least 20 killed and 700 injured. Among the dead were "officials," meaning police. Indirectly, the Premier indicated that some of the demonstrators were...
Licko first met Solzhenitsyn in 1967, when he called on the writer at his former home in Ryazan, a city that is out of bounds to foreigners. Unaware that Licko had held a top post in the Slovak Central Committee during the Stalinist terror. Solzhenitsyn accorded him an interview-the first he had ever given a foreigner. On the strength of the interview, which was published in several European countries, Licko later visited London, where he boasted of his supposed intimacy with Solzhenitsyn; he also signed an affidavit saying that the author had entrusted him with a manuscript of Cancer...
Biggest Collapse. The second shattering event of 1970 was the biggest collapse in U.S. corporate history. On June 21 the Penn Central Transportation Co., owner of the nation's largest railroad, went bankrupt. The Penn Central had long been a victim of mismanagement and executive infighting, but it was pushed right off the tracks by its inability to refinance $152 million of its commercial paper. Such paper is a form of unsecured, short-term IOU. When money became difficult to borrow from banks, scores of corporations issued commercial paper to raise funds. Because such securities are usually bought...
...CSCR resolved that during the next year, PBH should institute "an extensive examination of the financial cost of its central operation," and that the Faculty Committee of PBH should also review closely the PBH organization...