Word: importantly
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...work of art that manages to capture a sense of the immediate and face it with an intellectual conception of general import requires artistic skill, discipline and sensibility of the highest order. This doesn't happen often, but when it does we are reminded of what Hollywood seems never to have learned: that politics is not a stranger to art, but at the very center of man's struggle with himself and his society...
...principled foreign aid program, the vote did indicate a rising nationalist or isolationist trend in the U.S. Nixon's own doctrine, perhaps unfairly, has been interpreted as reflecting such a trend. Nixon can be faulted for stimulating an America-first mood by his protectionist New Economic Policy, including import surcharges. Some of his recent postures seemed to proclaim an attitude of "You won't have America to kick around any more." Even Foreign Relations Chairman Fulbright, long a champion of bridge-building internationalism, complained to a colleague last week: "Why the hell should I vote for this bill...
...investors' worries are considerably overdone, however, they are not without foundation. Wall Street justifiably shows more concern than Washington about the Administration's new mercantilism. "We may hang on to the 10% import surcharge longer than we should and touch off a trade war," says Robert Johnson, economist for Paine, Webber, Jackson & Curtis, a big brokerage house. "It could lead to a worldwide recession, and that worries me more than anything." Domestically, adds Richard Johnson, president of Dreyfus-Marine Midland Management Corp., the economy is going through "sort of a limbo period." Analysts are still waiting...
Apart from these difficulties, manufacturers have had trouble buying enough double knit machinery; practically all of it is made in Europe, especially West Germany, and orders have to be placed many months in advance. This problem has been aggravated by President Nixon's import surtax. Ironically, the most promising sector of the staunchly protectionist textile industry is now being forced to pay at least 10% more for its new equipment because of the Administration's protectionist measures...
Houthakker left Nixon's Council of Economic Advisers on July 15. He said that the reduction of expenditures was "largely a book-keeping procedure," with little effect on the economy, and that the import surcharge "undid most of the liberating of trade since 1930." He added that it was "put on for domestic reasons looking forward...