Word: europeanization
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Dates: during 1970-1979
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...crowding out" theory of Milton Friedman. In fact, the historical experience of pre-war Japan, where rapid growth was accompanied by far greater deficits for defense purposes, shows that sufficient capital, foreign or domestic, will be available where the opportunity is great. There are billions of oil dollars in European banks eagerly seeking investment opportunity, and with the declining value of the dollar, they can be invested nowhere more profitably than in the United States. As any real estate broker could tell you, to some extent they are. Nevertheless, the second greatest contributor to our balance-of-payments deficit, after...
...Pentagon no longer even knows how many eligible men are in the prime 18-to-26 age group, or where they reside. Registering, classifying and sending the first draftee to basic training would take 110 days, and by that time the Soviets might have scored major victories in a European ground...
...pushed out for reputed ties with the Mafia and another for alleged conflicts of interest and mismanagement of union funds. A third was found to have been an associate of a lawyer convicted of fraud and arson. The fourth had claimed to hold degrees from two prestigious European universities but turned out to be a high school dropout...
History: European born. After sickly youth in the U.S., traveled to Vienna and returned as Dr. Freud's Wunderkind. Amazing social success for one so young. Strong influence on such older associates as Education, Government, Child Rearing and the Arts, and a few raffish friends like Advertising and Criminology...
Monnet never abandoned his dream of achieving, step by careful step, a united Europe freed at last from the confrontations of past centuries. In 1950 he sold French Foreign Minister Robert Schuman on the idea of the European Coal and Steel Community, as a way to defuse ancient Franco-German rivalries. Two years later, the Community was in operation, with Monnet as its president. That successful effort paved the way for the creation of the Common Market, established by the Treaty of Rome...