Word: dollar
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Dates: during 1970-1979
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...pile has been conservatively valued at $65 billion. Another $4 billion to $5 billion also could come into the market from Europe, where record amounts of cash have been stuffed into short-term securities. The Europeans are waiting to see if the Carter Administration is serious about defending the dollar and beating back inflation by maintaining tight fiscal and monetary policies...
...holdings by at least 25% because it was fearful of missing the market altogether. Explains Research Director John Groome: "We may be premature, but we are going to be there when the market explodes on the upside." That is widely expected to occur when inflation, interest rates and the dollar show signs of moving in the right direction. As Christopher Johnson of Lloyds Bank in Britain says of Wall Street's future: "There is a boom market out there, but not for a few more months...
...Treasury Secretary a lot of leeway in which to operate. Connally's actions were gruff and abrasive, as if he were playing in a high-stakes poker game, and he often offended foreign finance ministers. But he was able to negotiate a much needed realignment of currencies, devaluing the dollar by 7.9% the year he took office. He also formulated and enforced
...Gloria Vanderbilt, Calvin Klein, Ralph Lauren and other names synonymous with class and cash. But Jordache? The name (pronounced Jor-dash) is a loose acronym for three immigrant Israeli brothers, Joseph, Ralph and Avi Nakash, who have taken a faddish product and promoted it overnight into a multimillion-dollar business...
...appeal, Memorex is what is known as a "big case": a multimillion-dollar lawsuit that involves mountains of evidence and may take months or years to resolve. Increasingly common, such civil cases pose a dilemma. They are generally within the broad definition given by the U.S. Supreme Court to "Suits at common law." Thus they come under the jury-trial guarantee of the Seventh Amendment. (State courts are not bound by the Seventh, but most states have similar guarantees.) Such cases add to the burdens on the already overloaded courts. More important, if the jury cannot understand the issues...