Word: nod
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While Volcker was surprised at the timing, he was expecting the nod, and so was Wall Street. The stock market, which not long ago dropped sharply when it seemed that Volcker might be replaced, resumed its happy rise last week. Spurred in part by the growing conviction that the Fed Chairman's job was safe, the Dow Jones industrial average rose 46 points, its second largest weekly gain this year, and reached a record high of 1242.19. Said New York Investment Banker Felix Rohatyn: "Volcker's monetary policy has been criticized by almost everybody and is therefore probably...
...plan derailed when it hit Congress--the law requires such foreign policy endeavors to get the nod from House and Senate intelligence subcommittees. According to sources cited in The Times, the Congressional committees rejected the CIA plan not because they housed any philosophical objection to overthrowing a foreign regime that the U.S. finds distasteful, but rather because they considered such action unwarranted in the case of Bouterse's government. Committee members were not convinced that the Surinam government posed a threat to U.S. security interests; hence, they viewed the proposed overthrow as unduly extreme...
With a gracious nod toward U.S. Special Envoy Philip Habib, Shultz modestly noted, "I have the pleasure of helping to put a little icing on the cake. At any rate, we hope it is a real good cake." Later the Secretary gave Jerusalem some good news: President Ronald Reagan would now lift the ban imposed last summer on the sale of 75 F-16 fighter planes to Israel...
...entire contemporary catechism of drugs and come out whole, and even a little certain. When he lay on the back seat of a squad car, bleeding from seven bullet wounds, and a policeman asked him the routine question, "Do you know who you are?," he could just manage to nod before he died...
Following a wistful nod to his surroundings--"I have had an unrequited love for Harvard ever since they refused to let me in, quite properly"-Stone launched into an hour-long "case for the prosecution," showing several ways in which Socrates and Plato were indeed "enemies of their city," and that Athenians were justified in bringing Socrates to trial...