Word: british
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Dates: during 1970-1979
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Earlier, Carter's energy policy also met with a rather cool response. No foreign leader criticized President Carter publicly. But British Prime Minister Margaret Thatcher has long implied that the U.S. was being wickedly self-indulgent by using so much energy, and in off-the-record conversations top government aides in West Germany and Scandinavia were furious. "Another breach of promise," declared an adviser to West German Chancellor Helmut Schmidt, referring to Carter's follow-up on his pledge at the Tokyo summit to produce a tough energy policy...
...Communist countries, which use the greenback to settle most international trade deals. Even before Carter's actions last week, the dollar had been slipping, as some financially important countries, including Saudi Arabia, sold American currency from their monetary reserves in exchange for West German marks and British pounds...
...Federal Reserve Board also poured some $2 billion into the foreign exchanges to buy dollars, and at week's end the slide was stemmed. Still, in the past month the dollar has lost roughly 5% of its value against the West German mark, Swiss franc, French franc and British pound...
...Viet Nam. While the Thai soldier would give a good account of himself if his country were invaded, he would be hamstrung by inexperienced leadership and unsophisticated weapons. The country's arsenal consists mainly of 149 aircraft and 150 U.S.-made M41 light tanks. On order are 149 British-made Scorpion reconnaissance vehicles that one local military specialist described as a "Jeep with a 76-mm gun on top." The illogical purchase of the Scorpions was arranged by a Thai general with a widely rumored penchant for profiteering...
...would have won the sweepstakes five years ago for "most likely to burn out," but the Avis of British rock bands continues to plug along--even after the death of Keith Moon. They've added a new drummer and a keyboard man and are touring America this fall...