Word: flows
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Dates: during 1960-1960
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Like a latter-day Mongol horde, the fighting men who serve the U.S. around the world are followed by their wives and children-484,000 of them in 1060. In a drastic effort to reduce the flow of dollars abroad, President Eisenhower ordered the number of U.S. military dependents overseas reduced to 200,000 within two years. This may cut the U.S. payments deficit as, much as $500 million a year, counting what the Pentagon"spends on dependents and the $1,000 a year each dependent is estimated to spend abroad. But last week, at one of the lushest dependent...
...write to compliment you on the Election Extra Issue. It's not that I liked the issue because it agreed with what I think. This is partly true; but, much more, you hit every good sidelight on the head, as well as describing the broad flow of the election itself. To do this as shrewdly and entertainingly as you did is one thing; to collect, edit, write, print and distribute the whole thing in little over a day is tremendous...
...judges' decision, the New Orleans school board is likely to be hip-deep in trouble for some time. Reason: in its frenzy the state legislature attempted to abolish the board and actually did cut off all state aid to New Orleans schools. Until the state turns the financial flow back on (normally 57% of the city's educational budget), the board lacks borrowing power to meet immediate bills. All this week, while schools are closed for a holiday (the combination of Thanksgiving and a teachers' convention), board lawyers will meet with bankers, try to raise...
...million that the U.S. spends annually on the 250,000 U.S. troops that, together with the British army of the Rhine, still constitute the backbone of West Germany's defense. Here was a point at which the Germans could help directly to stem the rising flow of U.S. gold and dollars to Europe. All along, Adenauer's government has stubbornly resisted making any direct contribution to the support of U.S. forces in Germany, on the ground that this would smack too much of the old Occupation days. But as his showdown talk with Anderson approached, the Chancellor...
...rate of 1.4% annually, and that as a consequence, "it is fair to expect that over the years to come, Europe will have more capital available than the U.S.'' As the present building boom in Germany and its neighbors runs its course, says Jacobsson, "the flow of funds will reverse. Capital will flow from Europe to other continents." Calling up a prospect of the Old World helping to redress the monetary imbalance of the New, he predicts that Europe will even export capital...