Word: dollar
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Dates: during 1970-1979
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...crucial in determining whether the Sadat initiative can be rescued and Sadat can survive politically. For the second year in a row, an international financial consortium made up of the U.S., Saudi Arabia, the World Bank, the International Monetary Fund and several European countries has agreed to a multibillion-dollar aid package covering Egypt's foreign-currency needs. Though that will allow Sadat to import enough wheat to keep his people fed, they still hunger for the peace-borne prosperity he has led them to expect. Says one White House official: "If we can't get the negotiations...
...government has been widely criticized for badly overheating the economy, then slapping on wage-and-price controls that are only now being removed. Despite a recent industrial upsurge, the national unemployment rate seems stuck at 8.6% (vs. 6% in the U.S.), while rekindled inflation hovers around 8%. The Canadian dollar, which lost 13% of its value in a year, is now worth about 89? American. To check a further fall in the currency, Ottawa has made use of some $7 billion worth of credit from U.S. banks and other forms of borrowing, including the government's first foreign-bond...
Once MGM churned out fantasies on film, but now the studios are mostly sold off or grinding out TV fluff. MGM is best known today for its hotels and casinos, lavish Disneylands for grownups with high-roller dreams. The MGM Grand Hotels make dollar-and-cents sense; in the past 4½ years the Las Vegas MGM hotel's floor show has earned nearly $60 million. Some of old Hollywood remains in the new playgrounds. The MGM Grand Hotel and casino newly opened in Reno is colossal: it cost more than $138 million and has the world...
...inclusive package trip should tote along a Jeroboam of aspirin. Relief will be needed just about every time he has to pay for a hotel room, a meal, a cup of coffee or a bottle of mineral water to wash down the medicine. The dollar's weak buying power in most European countries, further sapped by inflation in many of the places on itineraries, makes even the disco life in Manhattan or Los Angeles seem cheap. The costliest popular countries for the dollar-bearing tourist are, in descending order, Switzerland, West Germany, France, Italy and England...
...Spain, Portugal and Greece, the dollar is actually worth more than it was last year. Though prices have risen in these countries, they are still relatively inexpensive. For example, a comfortable double room with private bath and breakfast at a three-star Spanish hotel costs $15.50 a night; a meal at a good average restaurant costs $8 a person, with wine...