Word: upwards
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...SOME of the above remarks suggest, the younger leaders have encountered serious problems of upward mobility. The trends of the mid-fifties suggested that the supreme elite was aware of such problems and had arranged and structured the various hierarchies in such a manner as to allow for rational advancement by younger Party members. Then the crisis created by the Great Leap failures curbed these processes. But since the "crisis" has now persisted for approximately half of the life of the CPR, one can hardly maintain that the orderly promotion of younger Party cadre was only temporarily delayed. Rather...
Within the CCP hierarchy, the upward mobility has been made less notable. One of numerous examples suffices to illustrate the point: in 1960 the provincial 1st Party secretaries were drawn from the Central Committee in 88 per cent of the cases, and by 1966 this had only dropped to slightly less than 70 per cent. The lack of upward mobility--indeed, the reverse of such mobility--is best illustrated in the People's Liberation Army (PLA). Using the key post of political commissar in the provinces, there are now more Central Committee members holding this post than...
...inertia is the proper word to describe trends of upward mobility in the hierarchies already discussed, then a much stronger term is required when one examines the new blood at policy-making levels. With minor adjsustments, policy-making in China rests with the Politburo elected a decade ago, and the execution of these policies is the responsibility of a small Central Secretariat elected at the same time. Officially, the Politburo now consists of 22 men and the Secretariat of 15 (seven of whom are currently on the Politburo). But as the readers of the Chinese press know...
...easing the money supply. Acting on that notion, corporations threatened a ruinous replay of last summer's credit crisis by once again lining up to borrow. On the bond market alone, new corporate issues scheduled for this month total a record $1.5 billion-which could spark a new upward spiral in bank and bond rates. The Fed's warning seemed to have effect. Key 91-day Treasury bills, which had been quoted at a yield of 4.68% as recently as six weeks ago, simmered down to 4.34% after the announcement...
...organize and run a summer reading program for 10-year olds. Monro himself directed a pre-college English program in the summer of 1964 and then led a larger workshop of 300 students the next year. In 1966 he ran the whole summer program, including English, Math, and Upward Bound. At the same time he advised the Faculty at Miles on curriculum changes, and organized and recruited new staff...