Word: baskets
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Dates: during 1970-1979
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Iran has been trying to induce other members of the OPEC cartel to refuse payment for oil in dollars and instead to demand a "basket" of other currencies, presumably West German marks, Swiss and French francs, and Japanese yen. In fact, there is not nearly enough of these currencies available to pay for the huge oil transactions, and European and Japanese governments would wind up unavoidably having to expand their money supplies in a most inflationary way to accommodate the deals. Fortunately, the Saudis and other oil producers plan to continue accepting dollars. To ban them would cause...
...they can be retrieved by a wire basket threaded through the endoscope and extracted from the mouth of the sedated patient. The general anesthesia required in surgery is not necessary. Patients can eat on the same day and frequently resume their normal routine after only an overnight stay in the hospital. Dr. Jerome Siegel, a gastroenterologist at New York's Mt. Sinai School of Medicine, has used this method on about 150 patients and is sold on it. Says he: "Within 48 hours, one of my patients, a 58-year-old woman, played 18 holes of golf-and shot...
This time around DA is again targeting the Democratic platform as a lever to speed "real social change in the U.S." Harrington disputes the common assumption that DA will be "playing the old game of drafting a fine program and then throwing it in the wastepaper basket the day after the Convention," arguing that the conventional wisdom doesn't hold for next year because "the roof is caving in on the American economy...
...cocoa for a basket...
...before the price goes up, panicky consumers are making further and even steeper price increases virtually inevitable. Yet people are not about to change their attitudes until inflation itself is brought under effective control. If that does not happen, the nation may some day discover that "basket of currencies" does not mean merely francs, marks and yen but also, perhaps, bullion, baubles and condos...