Word: dollar
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Dates: during 1970-1979
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...Vance has a new nemesis in Carnivalman Strauss, who has become an indispensable ally to Carter and the Georgians. That alliance may be put to the test in the next few weeks. The ambassador is exploring the possibility of serving as a dollar-a-year man for the Government and at the same time acting as a consultant for his law firm, which has among its clients many of the country's largest oil companies. Carter and the Senate will have to decide whether this dual position might represent a conflict of interest; Strauss says he will abide...
...used to be that Americans returned from a vacation across the Atlantic full of tales of shopping bargains and cheap travel. No longer. Today, most return with their wallets empty, their credit cards fully charged and their spirits shaken by how little the dollar now buys. Many wonder just how Europeans can afford to live at all in Western Europe, let alone so well...
...specialty of international monetary policy, Dornbusch opposes the efforts of the Federal Reserve and foreign central banks to prop the dollar's value by buying up billions on the international money exchanges. His preference: let the dollar float freely until it reaches its real market value. Dornbusch takes much the same hands-off attitude toward trade: the U.S. should not protect its industries from foreign competition, and, conversely, it should insist that its trading partners reciprocate. In a free global market, Americans would be forced to face up to the fact that either the nation controls its inflation...
When a DC-10 falls out of a clear blue sky and kills 275 people, as American Flight 191 did in Chicago last May, there is no doubt that the victims' families will be financially compensated for their loss. The multimillion-dollar question is how much. By last week, American Airlines and McDonnell Douglas, the manufacturers of the DC-10, had offered $30 million to the families of 112 victims if they would settle instead of go to court, and more settlement offers are forthcoming. What the airline and the air plane builder are trying to avoid...
...invariably begins with a race among some unscrupulous lawyers to sign up the next of kin. Soliciting clients, or "ambulance chasing," can cost a lawyer his license. But for some the temptation of a multimillion-dollar air crash is too much...