Word: dependables
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...long-term economic recovery will ultimately depend on the Poles themselves. There can be little progress without fundamental reforms, severe austerity measures and an end to periodic work stoppages. Admonished one Austrian banker: "What the Poles need to do is to go back to work and then work some more." That idea is sure to be difficult to sell at a time when appetites have been whetted for more labor benefits, not sacrifices. If little else, however, Poles retain a reserve of good, if somewhat grim, humor. A joke making the rounds last week tells of a Warsaw resident...
Thomas Schelling, Littauer Professor of Political Economy, who criticized ROTC in Faculty debates 12 years ago, says the 1969 Faculty legislation represents an academic principle that should not depend on the fluctuating popularity of the armed forces...
...Salvadoran Communist Party controls the guerrillas in El Salvador, who depend on weapons indirectly supplied by the Soviet Union, the advertisement stated...
Hope of averting a catastrophe seemed to depend on Walesa's continuing talks with Rakowski. When the Solidarity leader arrived at Warsaw's Council of Ministers building for Wednesday's meeting, supporters hoisted him on their shoulders and chanted his nickname: "Leszek! Leszek!" Barely 85 minutes later, when Walesa emerged, there was nothing to cheer about: there had been no progress. "The government," he explained, "had no proposal in relation to our demands...
Ultimately, both long-and short-term interest rates will depend largely on the Federal Reserve Board's handling of the money supply. The nation's central bank seems intent on keeping the supply tight to avoid a repetition of last year's experience, when the money flow was sharply increased and the prime rate dropped from 20% to 10.75% in less than four months. That sudden decline led to a new burst of growth-and of inflation. Economist Eckstein thinks that the Federal Reserve may finally have mastered the delicate art of monetary control. "We have just...