Word: europeanization
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Dates: during 1980-1989
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...plane. Although Airbus has succeeded in selling its earlier models, the A300 and the A310, to 58 airlines, the consortium's continuing losses have been aggravated by the weak dollar. The aircraft manufacturer prices its planes in U.S. currency but must pay most of its expenses in relatively stronger European currencies. The consortium last year boasted a 23% share of all worldwide aircraft orders, placing it behind Boeing's 50% but just ahead of McDonnell Douglas' 22.5%. This year, however, Airbus has slipped to No. 3, with 12%, vs. 70% for Boeing and 18% for McDonnell...
...only at Dartmouth College that he took up the study of Spanish in earnest. During World War II, the Ivy Leaguer served in North Africa and Italy with the Office of Strategic Services. Among his jobs were receiving and reworking secret military codes: "My first experience of translation." His European service did not lead him to Spain. "If Hitler had invaded there," he says, "my OSS team would almost certainly have gone in. But he didn't, so we went to Italy instead." That missed opportunity has endured. The pre- eminent translator of the Spanish language has never been...
After the war, Rabassa earned an M.A. and a Ph.D. at Columbia University and then joined the faculty. He helped edit Odyssey Review, a magazine that published new literature from two European and two Latin American nations each year. Trouble was, English translations of many Spanish and Portuguese works were either nonexistent or inadequate. So Rabassa tried his hand, and the rest is literary history...
...credit belongs to the writers, particularly Jorge Luis Borges and Garcia Marquez, who rediscovered Don Quixote. My theory is that Cervantes was the first magical realist. But then the British stole both the Spanish colonies and the Spanish novel. After that, a lot of Latin American literature merely aped European models. But life and the landscape in South America were always more vivid than conventional fiction could convey. Once writers began breaking the rules, their subjects came alive...
...currency traders feverishly bought dollars, most central banks stood by idly until the momentum began to grow. The banks of eight European countries -- West Germany, Britain, France, Italy, Switzerland, Austria, Spain and Belgium -- finally intervened by unloading some of their stocks of the currency. But the dollar kept climbing because the two largest countries -- the U.S. and Japan -- refused to resist the trend...