Word: defend
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Dates: during 1970-1979
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...dazzling promotions continued. Volcker rose to Deputy Under Secretary for Monetary Affairs, took time out for four years as a Chase vice president, then neared the summit of global finance when President Richard Nixon brought him back to Treasury to defend the dollar against attacks from abroad. Volcker did all he could, at one point flying 31,000 miles in five days. But the pressure on the dollar was too great: twice Volcker had to preside over the humiliation of the dollar being devalued...
...experience strengthened his view that the Federal Reserve had to take strong action to fight inflation and thus defend the dollar overseas. For a year, Volcker was a senior fellow at Princeton, but in 1975 he returned to the New York Fed as its president. In the past year Volcker voted at Federal Reserve meetings for tighter money and was consistently outvoted by his colleagues. Then he got the top job and, with the economy in dire trouble, finally won unanimous support for the measures that caused last week's furor...
Trying to reassure Europeans who worry whether the U.S. would come to their assistance in case of a Soviet attack, National Security Adviser Zbigniew Brzezinski told a meeting of the Atlantic Treaty Association in Washington: "Let there be no question about our commitment and our determination to help defend Europe by all means necessary-nuclear and conventional. There are no conceivable circumstances in which we would not react to a security threat directed at our allies in Europe...
...they would soon be needed." Israeli bombers were conducting "deep penetration " raids on Cairo and the Nile Delta. Moscow was installing its most sophisticated surface-to-air missiles near the Nile and the Suez Canal, and at least 15,000 Soviet combat personnel were in Egypt to operate and defend the sites. Despite the growing danger of an Egyptian-Israeli war, however, the biggest blowup of 1970 occurred in Jordan. Twice in three months, Palestinian guerrillas tried to assassinate Jordan's King Hussein. When the King's troops began retaliating against the fedayeen, it looked...
...fleet passed into the Bay of Bengal and attracted much media attention. Were we threatening India? Were we seeking to defend East Pakistan? Had we lost our minds? It was in fact sober calculation. We had some 72 hours to bring the war to a conclusion before West Pakistan would be swept into the maelstrom. It would take India that long to shift its forces. We had to give the Soviets a warning. We had to be ready to back up the Chinese if they came in. Moving the task force into the Bay of Bengal created precisely the margin...