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Jun 26,2021 - Last updated at Jun 26,2021
BERKELEY August 15 is not a red-letter day on most calendars. True, August 15, 1969, was the first day of the Woodstock music festival. And the Panama Canal opened to traffic on August 15, 1914. Mostly, though, mid-August finds officials and others on holiday.
But not on Sunday, August 15, 1971. That evening 50 years ago, at the conclusion of three days of crisis meetings, President Richard M. Nixon announced that the United States was preemptively closing the “gold window”, the financial facility through which the country made gold available to foreign governments and central banks at $35 an ounce. To contemporaries and historians alike, Nixon’s announcement marked the end, or at least the beginning of the end, of the Bretton Woods international monetary and financial system. And that meant it marked the end, or at least the beginning of the end, of American economic and monetary hegemony. The postwar period when the
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WorldAnalysis: As polls tighten, Hungary s Orban steps up pre-election spending
Gergely Szakacs
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Hungary s Prime Minister Viktor Orban speaks as he arrives to attend a face-to-face EU summit amid the coronavirus disease (COVID-19) lockdown in Brussels, Belgium December 10, 2020. John Thys/Pool via REUTERS/File Photo
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Ahead of an election next year, Hungarian Prime Minister Viktor Orban is spending money on key groups of voters as opinion polls show a neck-and-neck race with an opposition united against him for the first time.
The right-wing premier, in power since 2010, is under pressure to reopen the economy after a pandemic-driven crash that sent Hungary into its worst recession since the global financial crisis, ending seven years of steady growth.
LAHORE: Jamaat-i-Islami emir Sirajul Haq says Prime Minister Imran Khan has introduced a unique method of governance by changing portfolios of the ministers after every few months.
Talking to party workers here on Friday, he said the method was surprising for the people and it was unprecedented in the world.
The prime minister, Siraj added, was trying to run the country like setting fielding in the cricket ground but he should keep in mind that the tactics of replacement of positions would not work in presence of incapable players. He considered the ruling elite the cause of the country’s problems.
ANALYSIS-As polls tighten, Hungary s Orban steps up pre-election spending Reuters 2/4/2021 Orban s Fidesz says it is extending decade-long policies Latest polls show neck-and-neck race with united opposition
By Gergely Szakacs
BUDAPEST, Feb 4 (Reuters) - Ahead of an election next year, Hungarian Prime Minister Viktor Orban is spending money on key groups of voters as opinion polls show a neck-and-neck race with an opposition united against him for the first time.
The right-wing premier, in power since 2010, is under pressure to reopen the economy after a pandemic-driven crash that sent Hungary into its worst recession since the global financial crisis, ending seven years of steady growth.