Word: upwards
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...Finance Minister Karl Schiller resigned over the controls issue. His departure took away one of the last influential voices calling for unhampered capital flows. Schiller's successor, former Defense Minister Helmut Schmidt, apparently believes that without some controls West Germany will be forced to revalue the mark upward for the second time in less than a year, thereby making its products more expensive and harder to sell abroad. French Finance Minister Valéry Giscard d'Estaing, too, favors currency regulations as opposed to floating rates...
...inching up lately; recently, Pittsburgh's Mellon National Bank & Trust Co. lifted its prime lending rate for businessmen by ⅛%, to 5½%, and some other major banks have followed suit. By fall, board members fear, the growth in loan demand that accompanies a business surge will put upward pressure on mortgage, consumer credit and some other interest rates. In addition the Treasury will have to begin borrowing heavily by late summer to finance a growing federal deficit. It is now estimated that the Treasury's red ink for fiscal '73 could reach $35 billion...
...body suddenly racked with sobs, sweating profusely. "And she made a good confession," Sprague says. After that, it was easy to get Huddleston to confess that he was the conduit for a payoff from union officials. Sprague is still sniffing along the trail that he is sure leads upward into the U.M.W. hierarchy...
...them are listed as unemployed this year. "They must be out working for McGovern," quipped a top Administration official. In a more serious vein, IBM Chief Economist David Grove, a member of TIME'S Board of Economists says: "The economy is improving enough to develop an upward momentum of its own, one that is capable of withstanding adverse news." Wholesale prices in June rose a discouragingly large one-half percentage point for the second straight month. Last week the President called in members of his Cost of Living Council to discuss ways to moderate rises in food prices...
...candle flame, streaming upward from its stubby pillar of wax, was one of the favorite images in 17th century European art. Vulnerable to a breath, shedding its modest light and resolving the threats of darkness into rational form, it became a metaphor of human consciousness itself. Indeed, a tradition of the "night piece" runs back to the late 15th century, when Leonardo set down his precepts for painting dramatic firelit groups. Rembrandt in Holland and Caravaggio in Rome produced unforgettable examples of the genre. But the artist whose work is most intimately associated with candlelight was Frenchman: Georges...