Word: dollar
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Dates: during 1970-1979
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...legendary and controversial Burns when his second four-year term as chairman of what has been called the nation's "Supreme Court of money" expires Jan. 31? At 73, Burns had become a rock-like symbol of resistance to inflation at home and a champion of a strong dollar abroad. He was trusted and admired by U.S. businessmen and foreign finance ministers, precisely the two groups most skeptical of Carter's own savvy as an economic manager...
...will prove just as conservative and independent as the chairman he replaces. But for the moment the only discordant notes came from some American grumblers who think that Carter should have chosen a banker or economist rather than a corporate chieftain, and from the foreign exchange markets, where the dollar initially fell a bit further-not because money traders overseas distrust Miller, but simply because they know little about...
...those to finance housing or small business. Conditions, of course, were different then, and Miller was not talking last week about whether he feels the same way now. He interrupted a Bahamas vacation to accept Carter's selection, made some remarks about the importance of a strong dollar that sounded staunchly conservative, and then flew back to the Bahamas...
...West Germany, which has consistently rejected expansionist economic policies. At the same time, West Germany has built up a giant $16.7 billion trade surplus that has left the deutsche mark vulnerable to revaluation on the world's money markets. Indeed, because of the recent slide of the dollar, the increased value of the mark is beginning to crimp the country's exports. If West German consumers could be encouraged to spend more and if industry would increase its capital investments, the process might be reversed. But expanding the country's economy is not easy. Consumer markets...
DiGiovanni, who owns the land on which the complex will be built, said Woolworth's had been renting the space at an unusually low price and asked "Goddammit, why should I be forced to, in effect, subsidize a billion dollar company...