Word: europeanization
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Dates: during 1970-1979
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According to money traders, American companies have been selling dollars quite as actively as European and Japanese firms. Indeed, André Scaillet, chief money trader in Europe for First National Bank of Chicago, said before last week's rescue that American businessmen "are frequently more bearish on the dollar than the Europeans." Moreover, the selling had spread from U.S.-based multinationals to ordinary companies in the American heartland. In most cases, however, the selling was self-protective rather than speculative in the true sense; if a manufacturer in Illinois bought steel from a German mill, it had a strong motive...
...grievances. Government workers were granted wage increases ranging from 25% to more than 100% as well as such fringe benefits as subsidized housing. To help pay for the $1.5 billion settlement, Iran canceled orders for $7 billion worth of military hardware that had been placed with U.S. and European companies. Ironically, many of the workers who had won increases did not get their paychecks last week. Reason: employees in the Finance Ministry were still out on strike...
Major Otelo Saraiva de Carvalho, invited to speak at Harvard by the Center for European Studies (CES) and also by the Massachusetts Institute of Technology (MIT), has been refused permission to leave Portugal by the General Chief of Staff, Pedro Cardosa...
...Einstein on the Beach," staged in several European cities, was performed for only two nights at New York's Metropolitan Opera House. "It's different here" Glass said. "You have to deal with several individuals to obtain the necessary financial support. In Europe you deal with the government," he added...
Garst believes that "it is in livestock that we will see the great revolution of the next 20 years. We will be producing more meat less expensively, and we will have the opportunity for much more export." He is crossing U.S. breeds with European stock to produce "exotic" cattle that grow fatter faster or produce more milk. This is done by artificial insemination. Says Garst: "We have one of the largest accumulations of exotic semen from Europe...