Word: bonne
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Dates: during 1970-1979
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Carter has come to believe that personal contacts are important regardless of whether any decisions are reached. He generally chats with the other three by telephone about once a month. The allies had met at summits in London in 1977 and in Bonn last year. But these conclaves were attended by other nations (usually Canada, Italy and Japan) and were so tightly organized and filled with ceremonial that any real exchange of ideas proved difficult...
...January. Decontrol would immediately add up to 4? per gal. at the pump, on top of perhaps a 1½? increase as a result of the expected OPEC price rise. In addition, decontrol of domestic crude oil to bring prices up to world levels, which Carter pledged in Bonn last summer to accomplish by the end of 1980, would add an extra 5? or 6? per gal. to gasoline costs, lifting fuel prices far beyond the President's own anti-inflation limits. These specify that companies keep their price increases ½% or more below their average increases...
Other gains in compatibility are planned. After intense and sometimes heated negotiations between Bonn and Washington, the U.S. seems ready to put a 120-mm West German gun on most models of its new XM1 main battle tank. Bonn is considering giving its Leopard II tank an American engine...
Ohira also said he sees little chance that Japan will meet the seven-per-cent economic growth rate for the current fiscal year, a goal set by the Fukuda government at the Bonn summit meeting of Western powers and Japan last July...
...eventual easing of interest rates. "There will be a braking effect," he says, "but other economic indicators are quite strong in the U.S., and a cautious balancing should avoid recession." Werner Flandorfer, currency expert of the Bonn Economics Ministry, agrees. "The Fed's action will not have any real recessive effect. It will slow down the boom but will not plunge the country into a recession...