Word: exactions
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Dates: during 1970-1979
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Critics of intervention argue that there is $400 billion to $600 billion in surplus dollars floating around foreign money markets -nobody knows the exact total-and Washington could not begin to buy them all. But if the U.S. expressed willingness and made funds available to buy huge amounts, speculators would conclude that the price would stay up, and so they would not sell their dollars. In short, a war chest to defend the dollar, coupled with a strong determination to use it if necessary, would act much like a nuclear deterrent: the more impressive it is, the less likely...
While the main outlines of an Egyptian-Israeli treaty were determined at Camp David, misunderstandings over the fine print of the accord could still lead to snags and delays. There could be disputes about the precise lines of the initial Israeli military withdrawal in the Sinai or the exact nature of the "normal relations" that both sides have promised to start up after the treaty is signed. Beyond that there is the question of how the Israeli settlements in the Sinai will be dismantled-a potentially explosive domestic issue for Begin's government (see box). It has been taken...
...Imee's Yankee-go-home rhetoric Marcos' way of trying to exact an exorbitant rent for the bases? A 1947 U.S.Philippine agreement stipulated that the bases were to be rent free. Marcos may be calculating that the U.S. can now be intimidated into meeting his demands for more than $1 billion in rent over a five-year period. The President has insisted that Philippine foreign policy is not anti-American, but there is no doubt that he has been angered by official U.S. complaints about human rights violations under his dictatorial rule...
...Japanese shun guns, they adore models of the real thing. Last year model-gun manufacturers turned out a $25 million arsenal of 600,000 ersatz weapons, among them exact replicas of the Luger PO8, the Walther P38 and the Mauser Military 7.63 mm. According to law, all barrels of metal models were colored yellow or white so as to discourage holdup men from fooling the public...
...will pick up enough to produce a growth rate of 3.1% for all of 1979; that would not be far below the 3.9% expected this year, and is probably about as much as the economy can afford without generating even worse inflation. Eckstein's colleagues differ somewhat on the exact timing and shape of the slowdown, but they accept his general outline...