Word: procession
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Dates: during 1970-1970
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...Nixon said that the nation was undergoing the difficult transition from a wartime to a peacetime economy, and predicted that the economic situation would remain tense until the change was accomplished. He expressed confidence, however, that the U.S. could make this transition without resorting to governmental controls, in the process reaffirming his commitment to get out of Viet Nam as soon as Vietnamization permits...
Nothing, really, had changed. A boy born in poverty to hard-working parents had pushed himself through twelve long years of night school to earn a college degree. The long suppressed ethnic group to which he belonged grew in number and in influence. He saw the political process as the correct, the constructive avenue for expressing his people's hopes and dissipating their fears...
...will not be the last. In Cleveland, Carl Stokes became mayor with the help of 19% of the white vote; in Gary, Ind., Richard Hatcher won with 12% of the white voters on his side. Like Gibson, they are the products of poverty, determination and faith in the political process. In the future, there will be more Ken Gibsons, if present trends continue: the rise of black population in central cities and the white flight to the suburbs. Among the cities with a black population approaching 50% are Detroit, Baltimore, St. Louis and New Orleans...
...rise helped to pull up all other European interest rates. > Foreign central banks can buy up unwanted dollars and hold them in official reserves. In West Germany, the Bundesbank last week bought $500 million that flooded in-mostly from speculators-during a single day. This process is inflationary, because the foreign currency paid out for the dollars adds to the money supply in the country that does the buying. - Foreign governments can allow the price of their own currencies to rise, usually by formal revaluation. That reduces the inflow of unwanted dollars, but a revaluing country must resign itself...
That inner reality is explored with remarkable perception and puissance in Diary of a Schiiophrenic Girl. The movie demonstrates that although no mental illness is less understood than schizophrenia, some schizophrenics can be cured. It also shows how hideously time-consuming the process can be, and what exorbitant demands it makes upon the therapist, which explains why such intensive treatment can be available for only the very few. A single patient may occupy almost all of an analyst's time, for months or years...