Word: dollar
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Dates: during 1970-1979
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...Economy With unemployment high, the dollar low and the stock market in distress, the economy will be Carter's sternest trial and the main focus of his policies this year. The $25 billion tax cut that he will propose this month is designed to revive business confidence, spark more spending on plant and equipment and head off a slowdown in growth that many economists expect late in 1978. Meanwhile, inflation shows signs of moving up again, fueled partly by measures that Carter either initiated or supported, including higher farm price supports and a steeper minimum wage...
...peacemaking process until more progress was made on the general principles of any settlement. When the talks turned to energy, the Saudis apparently hinted that they could not hold the current line on oil prices unless something was done to check the sliding foreign value of the U.S. dollar. Their position gave further incentive for dramatic action in Washington to do just that...
America's day begins on Guam at 6 a.m. when the large McDonald's (328 seats, parking for 105 cars) begins serving Egg McMuffins. By 9 o'clock the five-story Ben Franklin department store is vying for the local shopping dollar. TV sitcoms, complete with commercials, start at 10 a.m. Guam's main road, Marine Drive, is a snarled jam of rust-eviscerated autos, and buses packed with Japanese honey mooners...
...timing was unusual: major shifts in U.S. financial policy are not normally put into effect while the President is jetting around the world on a goodwill tour. But action to prop the falling dollar could not wait. When currency markets around the world reopened last week after the New Year holiday...
Hosting the meet in Providence rather than Cambridge cost Harvard a chance at national television exposure for the multi-million dollar pool, and it also cost the swim teams a valuable chance to impress some of the best swimmers in the world with Harvard's beautiful new facility...