Word: dollar
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...When the dollar went on the skids last year, Schmidt's view of what he regarded as Carter's unpredictability and vacillation became downright disdainful: "What sort of a government is it that lets its country's currency go to hell?" he is said to have asked American visitors in Bonn...
...approach to economic problems. A key example: Schmidt's vigorous campaign for the European Monetary System, which, except for the British pound, ties European Community currencies together within a narrow band of fluctuation. The scheme was originally devised as a protective measure for Europe against the gyrations of the dollar. But as the deutsche mark became an increasingly popular reserve currency in the treasuries of many countries, some economists suspected Schmidt was chauvinistically trying to create a "mark zone" that would eventually rival the dollar's dominion in international finance...
...energy-induced inflation. During the first quarter, prices rose at an annual rate of 9% in Switzerland and 9.6% in West Germany, weakening their strong currencies. So far this year, gold has risen even more sharply against the Swiss franc and the German mark than against the dollar...
...recruiting plague has swollen to monstrous proportions in college sports--even infecting much of the purportedly immune Ivy League--idealistic Harvard has fallen behind on the playing fields. Unwilling to match dollar for dollar or to turn the other cheek on academic qualifications, the University has been unable to attract a sufficient number of superstars to keep its teams in contention with the frontrunners...
Another energy failure of sorts hit the following week when Harvard released its annual Financial Report. The report strongly suggested that inflation would necessitate yet another tuition increase, and the power of the dollar reached a new low at the Office of Fiscal Services...