Word: consensus
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...floated up more than 7% against the dollar; it should be no great job to get the increase up above 10%. The German mark is up around 9%, and the rise could go higher. We have agreement that negotiations will begin on a new international monetary system and a consensus on the general contours of that system; for example, there is a widespread belief that there must be more flexibility...
Pragmatic and low-key, Lynch was once described as "the most ordinary man in the country" by the Irish Times. Referring to the fact that Lynch came to power in 1966 as a compromise candidate of his Fianna Fail party, the Times added: "His contribution has been to discover consensus politics; or maybe it was the consensus which discovered Jack Lynch." Equally plain-spoken was the London Economist's recent assessment of Lynch as "the best Irish Prime Minister that Britain is likely to get"-a judgment hardly calculated to endear him to an electorate that still regards Britain...
Officials of the major Western financial powers, plus Japan, prepared to meet next week in London to start considering new international monetary arrangements now that President Nixon has unilaterally upset the longstanding consensus by refusing to redeem dollars for gold. The participating nations make up the main trading partners of the International Monetary Fund, which meets in full session in Washington beginning Sept. 27. Participants will probably get some hint of an answer to the question that intrigues them most: How long will the "temporary" 10% U.S. import surtax remain in effect? Nathaniel Samuels, U.S. Deputy Under Secretary of State...
...harsh chorus of controversy. Better to leave to others the first-aid job of mollifying the unhappy and cajoling the defiant; that is John Connally's main task, they reason, and the President can later be brought back on stage when all parties are ready to reach a consensus in the fresh light of reason. Clearly, Nixon cannot wait too long before committing the prestige of his office to finding that consensus. Still, his instinct for caution has proved sound before...
Convinced that the President's plan deserves at least a fair trial, the vast majority of Americans, including union members, tentatively support the pay freeze (see box, page 12). Their patience augurs well for a smoothly running freeze period and apparently provides Nixon, initially at least, with the broad consensus that he needs. It also indicates that the first intemperate remarks of Meany, Woodcock and other labor leaders?which were gradually toned down?did indeed, as the Administration claimed, put them "out of step" with ordinary union members...