Word: europeanization
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Dates: during 1980-1989
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Such moves can cause bitterness if they are not carefully coordinated. The U.S. and six European allies last February launched a joint intervention that brought the dollar down slightly from its all-time peak. But while the Bundesbank put $4 billion into a $10 billion international fund to buy currencies, Washington supplied only $600 million. That left the Germans vulnerable to a big loss when the price of the dollar rose again this summer, lowering the value of the marks that they had bought. Now Bonn wants assurances that the U.S. will do its share to finance the current fund...
Quotas have often been ineffective in holding down the general level of imports and sometimes even in aiding the domestic industries they are supposed to help. In steel, quotas on shipments from the European Community, Japan and eleven other nations were supposed to hold imports to 20.5% of U.S. consumption, but the actual share is running at 25.7%. What quotas and other restrictions do accomplish is to raise prices of imports and of the American goods that compete against them. The New York Federal Reserve Bank figures that quotas and tariffs on clothing and textiles cost consumers between $8.5 billion...
National Lampoon's "Vacation" in 1983 and this year's "European Vacation" were both among the top ten box-office successes of the year, and "Animal House" has been immensely popular since its release in 1978. The royalties from cable TV and videocassette revenues of these films should far outweigh any losses due to subscription cuts, Marshall said...
...office helps foreign students find host families to stay with, and this fall distributed a handbook telling foreigners everything from how to endorse checks to converting European clothing sizes...
...Hughes Aircraft-built LEASAT 4 satellite, which began to malfunction, apparently because of a faulty transmission cable, about one week after it popped perfectly out of the cargo bay of the space shuttle Discovery on Aug. 29. Two other satellites, one owned by GTE, the other by a European consortium, were lost on Sept. 12 when the European Space Agency had to destroy the misfired Ariane rocket that carried them. The mishaps brought to $600 million the total cost to insurers of the seven satellites lost in the past two years. As a result, some insurers said they will limit...