Word: dollars
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Dates: during 1970-1979
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...main reason is the renewed weakness of the dollar. At the cartel's June meeting, which lifted average crude costs by 42%, to about $20 per bbl., even so-called moderate members warned that a 5% drop in the dollar's value could easily provoke another round of increases. In the past month the greenback has slumped by almost that much against strong foreign currencies, and several OPEC states are calling for an emergency meeting on prices as early as September in Vienna-well ahead of the next officially scheduled conference in December...
...strictly Italian-American practice, this business of celebrating the saints and pinning large-denomination dollar bills on the icon of the day's patron saint...
...whether or not you approve of the dollar-garnished deity, it's their festival, and it's free. And it's fun, festival, and it's free. And it's fun. The Green Line will take you there. Just get off at Haymarket and walk up to Salem St. If you get lost, ask for directions. Or follow the smell or the noise. But if some overbearing food vendor tries to sell you the tripe--an infamous Italian-American delicacy--beware. It's cow intestine...
...news put further pressure on the dollar, which in the past two weeks has slumped to eight-month lows against key foreign currencies, sent gold climbing to glittering new heights, and made a mockery of the Administration's repeated assertions that the double-digit run-up in living costs would slacken this summer and abate substantially by year...
Financially, it is more attractive to build cars in the U.S. than to import them from West Germany; because of the high wages and constantly climbing value of the German mark relative to the dollar, the total hourly labor costs amount to about $13.60 in Germany, vs. only $9 at the Pennsylvania factory...