Word: central
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Dates: during 1970-1979
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Inaam Ra'ad, vice chairman of the LNM's Central Political Committee, said yesterday the Camp David accords would destabilize the area by ignoring the Palestinian's right to self-determination...
...trade deficit (down from almost $3 billion in July to $1.7 billion in September), by passage of the long awaited and much battered energy and tax-cut bills, and by the President's Stage II anti-inflation program of wage-price guidelines. After all, money traders, finance ministers and central bankers agreed that the long decline had caused the dollar to be grossly undervalued. The greenback will now buy more coffee, clothes, steel or whatever when spent as a dollar in the U.S. than it will when converted into foreign currencies and spent overseas...
Further, a collapse of the dollar, the world's central trading currency, could paralyze global trade and investment. That could lead to a severe recession, not only in the U.S. but worldwide. Said one Belgian expert: "The world was facing its worst economic crisis since...
...Administration's optimism is supported by some outside experts. Karl Otto Pöhl, vice president of the Bundesbank, West Germany's central bank, believes a U.S. recession can be averted by skilled handling of monetary policy...
These were questions that plagued nervous Western diplomats as Iran-the oil-rich keystone to stability in volatile Central Asia-staggered through another week of turmoil and antigovernment demonstrations that have brought the economy to a virtual standstill. A walkout by 11,000 employees of Iran Air grounded all 162 daily flights of the country's flag airline; more serious was a strike by 37,000 workers at Iran's nationalized oil refineries, which initially reduced production from 6 million bbl. per day to about 1.5 million bbl. That strike not only cost the government about $60 million...