Word: fact
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Dates: during 1970-1979
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This President of the U.S. did not wait until he left the White House to write a blockbuster about his Administration. In fact he started work on his memoirs the day he took office, finishing them within a year. Moreover, his aide insisted, "every word...
...Parisian may have his haute couture models reproduced in China, where the workmanship is exquisite and cheap, creating a new export trade for the Middle Kingdom. If the contract works out, 10% of Cardin-Cathay will be reserved for sale inside China, which is probably wise, considering the fact that in France even a readymade Cardin frock sells for at least $200, as much as the average Chinese worker's income for about seven months...
Wifemistress is several shades less solemn. Its structure in fact is that of a sex farce, though its tone is more appropriate to a sentimental comedy. The disparity may arise because Director Marco Vicario (Homo Eroticus) can't quite manage the French trick of finding cuckoldry hilarious. The situation, at any rate, is satisfactorily ridiculous. Luigi (Marcello Mastroianni) is a wealthy wine merchant, an idealist and a writer of tracts on the equality of women. He is also a great philanderer, with mistresses and bastard children all around Italy. But what has that to do with idealism...
Though many U.S. companies have in fact been quietly cutting back their European operations for some years, the specter of a wholesale pullout was not raised until last summer. Then, Chrysler Corp. abruptly announced that it was selling its European business to France's Peugeot-Citroën for $430 million in cash and stock in the French company. Since then, alarmist charges have regularly bobbed up in Europe's press. "The American multinationals are deserting," warns a French economic weekly. "U.S. business is at ebb tide," declares a Belgian magazine...
What is actually happening is not an American bug-out at all, but an on-the-scene retrenchment process that European firms are also undergoing. But because the American companies are so large and visible, their pruning is getting much attention. In fact, the U.S. business presence in Europe remains huge. Last year American firms rang up more than $220 billion in sales, accounting for fully 10% of all European manufacturing activity...