Word: resorting
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...TAIPEI MIGHT HANG ON. To prevent Taipei's expulsion, the U.S. could resort to another parliamentary maneuver; it could make a procedural move calling for separate treatment of the Albanian resolution's two parts, splitting the section that requires the seating of Peking from the section that requires the expulsion of Taipei. The logic behind such a move is simple: a majority of the General Assembly wants to seat Peking, but does not necessarily want to see Taipei thrown...
...sampling of opinions: LEONARD WOODCOCK, president of the United Auto Workers. "The best thing that can happen to reverse the inflation is to spur the economy. For that, we should move up the tax cuts already authorized for 1972 and 1973, making them immediately applicable. As a last resort, we could lower the value of the dollar, perhaps by permitting it to float until it found its proper relationship to other currencies. That would reduce the prices of U.S. exports in the world market and drive up import prices." GARDNER ACKLEY, former chairman (1964-68) of the President...
...holding companies then use the money to finance parent-company operations in other countries. Luxembourg is also a favorite neutral meeting ground for partners in joint ventures. "It's quite a problem finding names for all the holding companies," says Edmond Israel, a Luxembourg banker. "Sometimes we resort to the poets...
...North Carolina has reacted with revolutionary aplomb. The legislature in Raleigh resolved that "immediate steps should be taken for the actual defense of North Carolina's borders with Georgia, including measures to mobilize the North Carolina highway patrol, North Carolina National Guard and, if necessary as a last resort, build fortifications on the present border...
...angry. The event, said Foreign Minister Chou Shu-kai, was "deplorable." Taiwan's Ambassador to the U.S. blasted Nixon's move. Outwardly, Chiang Kai-shek kept his dignified cool by spending some time at the Evergreen Hotel on Sun Moon Lake in central Taiwan, his favorite summer resort. But both Chiang and his son and heir, Chiang Ching-kuo, 61, who is stubborn and tough like his father, had no illusions about the erosion of the position on which they have built their lives. As Taipei's Ambassador to the U.N. complained candidly: "The U.S. has pulled...