Word: centrally
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Dates: during 1970-1979
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...theft had a fluky ending. Acting on a tip, police recovered the statue on Valentine's Day from a locker at Grand Central Station; a crude heart had been scratched above its right eye. Nonetheless, the incident underscored the fact that no museum−no matter how prestigious−is immune from the epidemic of art thefts that is sweeping the country. Late last year, three Cézannes worth $3 million were stolen from the Art Institute of Chicago. On Christmas morning, bold cat burglars penetrated the security system of San Francisco's M.H. De Young Memorial...
...editor of Istanbul's daily Milliyet, whose unsolved murder early this month shocked the country. At the same time, sectarian clashes have broken out between Sunni Muslims, who tend to be right-wingers, and Shi'ite Muslims, who tend toward the left. Last December at Maras in central Turkey, the Sunnis went on a rampage. In retaliation for a street clash, they killed more than 100 Shi'ites and burned hundreds of others out of their homes. The massacre forced Ecevit, an accomplished poet and a prideful civil libertarian, to declare martial law in 13 of Turkey...
Political turmoil spawned by the Islamic revival is not confined to the Middle East. It has also flared in central Africa. In Chad, a desert-poor, sparsely populated (4 million) former French territory, 2 million Muslims who live mostly in the north have long chafed against the central government, which is dominated by black Christians from the south. A sputtering, 14-year-old war between the two sides ebbed last year after President Felix Malloum, a black who seized power in a 1975 coup, appointed a Muslim rebel leader, Hissene Habre, Premier. But last week fierce fighting between...
...practical purposes, the world has been off the gold-exchange standard for nearly eight years. When it comes to transactions among central banks, mankind's most treasured possession is supposed to have no more relevance than the Mongolian tughrik. So much for the official view of gold's value. Out there in the real world, the metal that Economist John Maynard Keynes once Wrote off as a "barbarous relic" has never shone more brightly...
...Administration's policy of demonetizing gold will receive yet a further setback if, as is expected, eight of the nine members of Europe's Common Market next month begin pooling a portion of their official reserve holdings to create a kind of central bankers' supermoney. The European Currency Unit, or "ecu," is intended to be the precursor to a Common Market currency that would at least partly replace marks, francs, guilders and other national money. Each member nation must contribute not only paper money but also 20% of its gold reserves to the pool that will back...