Word: dollar
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Dates: during 1970-1979
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...more independent and less rigidly organized Congress. One of the most striking aspects of this new lobbying is the willingness of Big Business to join in. While corporations still somewhat squeamishly call their lobbyists "Government affairs specialists" or "Washington representatives," the fact that the heads of multi-billion-dollar firms are now willing to plead their causes personally shows their awareness that Government is not going to retreat from its intrusion into their corporate lives. "Fifteen years ago, the businessman was told that politics is dirty, you shouldn't get involved," observes Albert Abrahams, chief lobbyist for the influential National...
...create greater buying power at home and thus expand imports. Japan has succeeded in holding the volume of its exports to last year's levels; but the value of those exports has shot up 20% this year due to the rise of the yen against the U.S. dollar. Ironically, a number of the country's domestic producers are being driven out of business by low-priced imports from developing lands. At some Japanese plants, workers are destroying textile machinery so it can be sold as scrap...
...Carter and Schmidt have wrangled over nuclear non-proliferation policy (the Germans want to sell fuel-reprocessing plants), Washington's public crusade on human rights (the Germans think it's preachy and unsophisticated) and economic policy (the Germans think Washington must cut oil imports to strengthen the dollar). Only last week, when asked about his relations with Carter in a television show, the theatrical Schmidt sighed, lifted an eyebrow and paused-gestures clearly belying his answer: "They are very good." When Carter claimed on the eve of his trip that his schedule would not permit his acceptance...
DIED. Henry Trefflich, 70, the "Monkey King," who for 45 years imported wild animals to the U.S.; in Bound Brook, NJ. A flamboyant showman, Trefflich built a million-dollar-a-year business selling exotic creatures from his four-story Lower Manhattan menagerie to scientists, moviemakers and carnival hucksters. Among his sales: Tarzan's chimp Cheetah and the monkeys used in breakthrough Rh (rhesus) factor research. Occasionally a restless snake would escape from Trerflich's store; once 100 monkeys created harmless havoc on Wall Street and made the headlines. Trefflich claimed the escape was accidental; skeptics abounded...
...competitive pace and relative freedom from governmental and union restrictions are a major lure. Daniele Bodini, 32, the fast-moving, fast-thinking son of a Milanese stockbroker, has ascended in five years from a trainee at the elite investment firm of Blyth Eastman Dillon to owner of a multimillion-dollar real estate investment company. Says he: "I believe in meritocracy. Any place where you can be fired in 20 minutes is a great place." Adds Swiss-born Pierre Honegger, 34, a former journalist who three years ago bought a foreign-car dealership in Princeton, N.J., and has tripled its sales...