Word: dollar
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Dates: during 1970-1979
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...summit, to be sure, has a full agenda of other, leftover economic topics. But with the West German and Japanese domestic economies now pulling their weight, the old problem of economic growth and recovery has become less urgent. The dollar is riding higher these days, so monetary questions will also be secondary, even if, as one U.S. official warned, "there is almost certain to be turbulence in the money markets later this year." And with the industrial economies themselves newly threatened by the energy crunch, there is bound to be little enthusiasm for fresh initiatives toward the developing countries...
...fear the rising costs of health care as much as I fear yet another multi-billion-dollar Government program. It will only advance us closer to a socialist U.S. and mean more inflation for the middle class, who must support this "something-for-everyone" program...
...that industry needs to spend on new factories, new equipment and new skills. Partly because of this, over the past ten years, annual productivity growth has slowed to about half the average 3% increase of the 1960s. This has been a major cause of slow economic expansion, the debilitated dollar and double-digit inflation...
...determined fellow booked a single-day odyssey starting in Cleveland and whipping through Youngstown, Akron, Youngstown (again), Pittsburgh and back to Cleveland to collect five coupons. Ads offering top dollar for coupons have appeared in newspapers. Coupon traders flocked to airports, and last week the going price jumped from $5 to $20. The Federal Government, the state of California and many corporations have insisted that employees clip coupons to their expense accounts...
...rise in precious metals is also powered by a lack of supply. The U.S. Government sells gold to support the dollar; but since the greenback has strengthened this year, traders figure that Washington might call off its gold auctions. Last month the Treasury cut its monthly offerings in half to 750,000 ounces, and the International Monetary Fund has reduced its monthly sales slightly, to 444,000 ounces. "Combine those two, and you take out almost 20% of supply," says a U.S. gold analyst.Soviets, who earned $2.6 billion the sale of 13.8 million ounces of gold through the Wozchod Bank...