Word: bonnes
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Dates: during 1960-1969
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...Cabinet to break up. With some sleight of hand, he did so, and he managed to put some steam back into the lagging economy by speeding up federal spending. He also struck at the root cause of Erhard's financial distress: the billion-dollar offset payments that Bonn makes yearly to support U.S. and British forces in Germany. Contending that Bonn no longer had the financial health to afford such large payments, Kiesinger stuck to his position until the U.S. last week suggested a new, less painful monetary scheme under which Bonn may buy Treasury bonds to offset...
...item moving over the A.P. ticker alarmed the U.S. embassy staff in Bonn. Michael McGhee, 19-year-old son of the U.S. Ambassador to West Germany, George McGhee, had been arrested in California for driving under the influence of LSD. The embassy's public affairs counselor, Albert Hemsing, phoned Colonel George E. Moranda, 49, U.S. Army information chief in Europe, and asked him to keep the story out of the Army daily, Stars and Stripes-at least until the case came to court...
...done as well. And it is precisely the area of advising the busy foreign policy professional on the nature and content of foreign politics that the scholar can make his greatest substantive contribution. The professional diplomat is the man who knows where, in Paris or in Phnom Penh, in Bonn or in Bujumbura, to find the door to which diplomatic notes should be delivered. He has a pretty good idea of what will happen to the note after it is slipped through the mail slot in the door. But he cannot be expected to have a really deep understanding...
Basic to the situation is the fact that Western Europe's two biggest economic powers, West Germany and Great Britain, find themselves in slumps at the same time. Hoping to combat inflationary pressures and reverse nagging balance-of-payments deficits, Bonn and London deliberately moved last year to brake domestic demand, in Germany's case mainly by tightening credit, in Britain's by means of last July's sweeping price-wage freeze...
...inflationary pressures that still exist, Western Europe's economy is more troubled by recessionary tugs. Whether the Continent's economic picture improves in 1967, says Common Market Vice President Robert Marjolin, depends almost entirely on "how business shapes up in Germany." To stimulate the economy, Bonn's Bundesbank last month lowered the country's bank rate from 5% to 4½%, last week reduced it to a flat 4%. Though he welcomes such stimulants as "the first signs of a change in the economic trend," West German Economics Minister Karl Schiller cautiously adds that "there...