Word: pull
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...were saying that if we were independent, if we made money for ourselves, that was part of the movement. And today you can see the effect of people like Richard was powerful. It set off a whole chain of events that said to people: 'You are going to pull yourself out of poverty...
...have to happen," he says. "If the federal government, which is the only entity that has the resources we need to fix the problems that we have - if they swiftly and effectively begin to address the issues of housing and joblessness and lack of health care, it would pull the rug out from under racial resentment. People would not feel abandoned, and they wouldn't feel as if they had to turn to extreme politics to achieve their ends, both blacks and whites...
...other investments, though, the old rules apply. If you're worried about the soundness of the mortgage securities you've bought or the corporate loans you've made or the money-market funds you've invested in, it's entirely rational to pull out your money if you can. When everybody does that, though, the system freezes up. It gets called a liquidity crisis or a credit crunch, but the mechanics are the same as those of a bank...
...also, says Robert F. Bruner, dean of the University of Virginia's Darden School of Business, a classic "prisoner's dilemma." In game theory, the dilemma involves two arrestees deciding whether to squeal. Here it's about whether to pull your money from the market. For each worried individual, the rational answer is yes, but the financial system is far better off if everybody agrees not to. The invisible hand of the market can't deliver the best outcome; collective action, Bruner says, is the only good answer...
...Bonn-Moscow accord certainly will lead to similar treaties with Poland and Czechoslovakia, and to a third German summit with Walter Ulbricht's East German regime. Western Europe, which has leaned so heavily in America's direction for 25 years, will begin to right itself and gradually pull away from America's orbit. Because of the expected expansion of the Common Market, the dream that Charles de Gaulle so cherished of a Europe standing apart from the two superpowers may become a reality. It will not be a Europe from the Atlantic to the Urals...