Word: dollar
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Dates: during 1970-1979
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Young said his mission was to "put together a comprehensive approach" to Caribbean policy and not to come on like a dollar-wielding "Big Daddy". But increased aid will follow-especially for Jamaica and Guyana. Relations with both countries have been strained in recent years, partly because of the leftist convictions of Prime Minister Michael Manley of Jamaica and Prime Minister Forbes Burnham of Guyana, and partly because of the two leaders' independent stance in pursuing good relations with Cuba. As Young assured a Guyanese audience, "past difficulties" would not stand in the way of "common agreement...
...past few weeks, before the fall season begins, Arledge has been practicing in public. The results have been lively but confusing. One night ABC gave Son of Sam, the New York lovers'-lane killer, lengthy and sensational treatment. On another night Barbara Walters, ABC's million-dollar anchorwoman, appeared for only a minute or two on-screen at the beginning and end. Next night, in a different hairdo, she was dispatched, like any local girl reporter, to stand before a bombed-out glass front to talk about Puerto Rican terrorists-a story on which ABC breathlessly lavished twice...
...will be paid to the so-called working poor, even though the father remains in the home. A working four-member family will receive an annual $2,300 payment if it earns no more than $3,800 a year. Beyond that, benefits will be cut by 50? on every dollar up to $8,400, when they will be eliminated altogether. If a wage earner cannot find a job after eight weeks of search, his family will receive the standard welfare payment of $4,200 a year. When he lands a job, the family benefits drop back to $2,300. Above...
...other things, it put up short-term cash that nations could use to buy or sell their own currencies, keeping the values within the narrow band specified by IMF rules, and gave its approval-usually grudgingly-for devaluations or upward revaluations. After the U.S. severed the link between the dollar and gold reserves in 1971, the fixed-exchange-rate system collapsed, and nations allowed their currencies to find their own exchange levels in a relatively free market. The IMF for a time became a big agency that had nothing much...
...Dollar's Drop. Along with its critics, Treasury also has supporters. Richard Cooper, the former Yale economist who is now Under Secretary of State for Economic Affairs, believes that the major central banks can easily smooth out the money market movements caused by the dollar's drop. Adds Brookings Institution Economist Robert Solomon, noting the big trade surpluses enjoyed by the Japanese and the West Germans: "To any reasonable person, the appreciation of the yen and the mark is desirable." Moreover, Solomon contends, the shift in rates is not that great. For example, though the dollar has slipped...