Word: dm
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Dates: during 1950-1959
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...week's end the pound had rallied strongly, hurdled the $2.79 level for the first time since July 11. Yet the world currency battle was far from over. If the pound had staved off the DM for the moment, Britain and other countries were concerned about the resurgence which began the fourth quarter of last year of a dollar gap for the first time since 1952. Though down from $600 million in the first quarter of 1957, the second-quarter U.S. surplus of $400 million (exclusive of a special $300 million payment to Venezuela) was still a heavy drain...
Some foreign investors pass up the stock market, buy up large amounts of marks. Said a Dusseldorf banker: "The other day a Norwegian walked in with 2,000,000 DM he had bought and asked us to keep it until the day when it might suddenly become a much larger sum." Throughout the world, foreigners who have bought goods from West Germany are paying their bills with unaccustomed haste to beat any possible revaluation, and sellers to West Germany are letting their debts go in expectation of revaluation profits...
...Carl (The Blue Angel) Zuckmayer and magnificently directed by Helmut Käutner (The Captain of Köpenick), gives an answer that apparently satisfies the Germans. Made in Hamburg in 1955, the movie has been running for 18 months in West Germany and has grossed 4,000,000 DM. But the U.S. moviegoer, while acknowledging the film's superlative skill and horror as a biopsy of the Nazi cancer, may have some reservations about how it reads the riddle of the German character...
...dead by its treatment of the living: by helping to finance the building of synagogues to replace the 300 burned down by the Nazis; by paying every Jew who was in a concentration camp 150 Deutsche mark ($36) for every month he spent in camp; by paying 6,000 DM to any Jew who returns to Germany and helping him to find housing and a job; by providing him with preferences in government loans and contracts if he sets up in business. In addition, Germany agreed to deliver $822 million in goods and services to Israel over a twelve-year...
...homes and from restaurants; each morning they lugged them to school to be weighed. For every 5.5 Ibs., a student would get one point, and one student earned as many as 250 points in the course of six months. Finally, the students had enough in the kitty (11,000 DM) to make a down payment on a new playground...