Word: bucked
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Dates: during 1970-1979
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About the dollar, however, the mood of the meeting was bleak. Although some experts held that the convergence of growth rates and declining trade surpluses in the nations that have them would help calm currency fluctuations and boost the buck, others reiterated that global money markets are no longer behaving rationally enough to be quieted down easily. Otmar Emminger, president of the West German Bundesbank, confessed that he had "given up hope that the markets would react to logic." Britain's Chancellor of the Exchequer Denis Healey found the entire world monetary system to be "in disarray...
...getting somewhere." But Sadat tells Carter he still wants Palestinians to have right to select their own form of government and something must be done about Jerusalem. Carter sees Begin for four hours after the Sabbath ends, meeting until 12:30 a.m., pins down Begin's agreement to buck the settlements issue to the Knesset. "For the first time, we started thinking it might work," says one U.S. official...
...COLUMBIA: Ivy League football is tradition above all else, so why buck history and pick Columbia higher than last...
...possibility. (Hope springs eternal, they say.) Likewise, another amendment authorized research into and experimentatin with a strictly regulated by-pass system--again, no promises were made, and the final decision was granted to the Core committees. Politicians call this type of maneuver "coalition-building"; others refer to it as "buck-passing." Either way, it worked...
...these moves would be sufficient to steady up the dollar over the long run, but some combination of them might buttress the buck long enough to permit fundamental market forces to take over. The Carter Administration has long hoped that the dollar's slide would eventually be self-correcting. It would boost U.S. exports by making them cheaper, cut imports by making them more expensive, and thus lower the trade deficit; then the dollar would rise again. There are some signs that the Administration's faith may not be in vain. For example, Japanese imports now account...