Word: dollar
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Dates: during 1970-1979
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Despite the dollar's steadying at week's end, no one could be sure the improvement would continue. The bleakest aspect of the fall is that no measures designed to strengthen the dollar seem to work any more. The U.S. at the start of the year began buying unwanted dollars to prop up their price; that intervention, which Europeans insisted was too brief, accomplished nothing. The Swiss in the past two weeks have taken a series of drastic steps to stop the rise of the Swiss franc against the dollar; among other things, they lowered interest rates...
...news that the nation's index of leading indicators slipped 1.9% in January, the biggest dip in three years, while inflation speeded up. From Europe came a newspaper interview with West German Economics Minister Otto Graf Lambsdorff, who said that he "could not exclude" the possibility of the dollar's sinking...
From the moment at the end of last year when Jimmy Carter nominated him to be chairman of the Federal Reserve Board, G. William Miller has said that one of his top priorities will be strengthening the battered dollar. But to get the chance to deliver on his words, he had to survive confirmation hearings that turned into an unexpected ordeal-in which his views on the dollar, interest rates, money supply and other matters that a Fed chairman must handle hardly figured at all. Rather, the issue was Miller's personal integrity as chairman of Textron...
...Miller responded to that with sangfroid: "Only my sleep has been inhibited by the investigation in the past few days. My ability to function at the Federal Reserve won't be." In any case, he can now turn his attention to money supply, interest rates and the dollar, subjects that could benefit from the precision he demonstrated during the hearings...
...fold down a flap of scalp above the ear. In the process, they sever the artery and separate it from the scalp. (Other vessels supply blood to the region above the severed artery.) Next, they saw out a piece of skull, about the size of a half-dollar, to expose one of the arteries on the surface of the brain. Usually the vessel is a branch of the middle cerebral artery, an extension of the internal carotid...