Word: auge
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Dates: during 1970-1979
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...pointed thanks to French President Georges Pompidou for his "personal assistance" in arranging the secret talks. To discover the nature of the assistance, TIME Correspondents William Rademaekers in Paris and Jerrold Schecter in Washington traced the Kissinger spoor. It turns out that the first Kissinger mission, on Aug. 4, 1969, was set up through Jean Sainteny, a former French commissioner in Hanoi and a longtime intimate of North Viet Nam's late leader, Ho Chi Minh. When it became apparent that more Kissinger flights would be necessary, French Foreign Minister Maurice Schumann was approached during U.N. meetings in New York...
Connally, vacationing in Texas, was brought winging back by a telephone call on Aug. 13 from Under Secretary for Monetary Affairs Paul A. Volcker. Volcker told Connally that more than a billion dollars had shifted on the European monetary markets the day before, another $500 million in the morning. "It's a Friday and it ought to be a calmer day," advised the worried Volcker. The Bank of England was pressing for a guarantee that some $3 billion that was held in reserve would not be devalued. A panic seemed possible. "I'd better get up there," said Connally...
...Nixon laid out the problem in a crisp, 20-minute talk; Connally detailed the steps. Action would have to be fast. A dramatic impact was deliberately sought. "Much of the problem was psychological; much of the solution had to be psychological," Connally recalled. So Nixon went on TV on Aug. 15 to announce the historic policy shift to controls. He followed with the outlines of his longer-lasting Phase II machinery three months
...bitter controversy over the reasons for low IQs, some psychologists, notably Arthur Jensen and Richard Herrnstein (TIME, Aug. 23) put the blame largely on inferior genes. Others believe that environment-especially the environment of the ghetto -is of primary importance. A recent report on the first five years of an experiment with mentally retarded mothers and their children in Milwaukee supports the latter view. It also offers persuasive evidence that mental retardation in the offspring of mentally retarded mothers can be prevented...
...rate of $35 an ounce-in exchange for dollars that foreigners wished to cash in. But as foreigners piled up almost $50 billion in U.S. currency, while the U.S. gold stock melted to $10 billion, that pledge became hollow. Nixon gave it the coup de grâce on Aug. 15 by decreeing that the U.S. would no longer redeem foreign-held dollars for gold...