Word: float
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Dates: during 1970-1979
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...Free Float. Currency trading was a relatively riskless operation during the long era when values of major currencies were fixed. But now that they are free to float up and down in response to supply and demand, trading has become chancy indeed. Herstatt apparently contracted to deliver huge quantities of U.S. dollars and other currencies to corporate customers on fixed future dates at highly speculative prices...
...sentiment for independence is tied to the Scots' feeling that they would be better off without the dead weight of England's colossal problems. "England is bankrupt and has nowhere to go," says Robert Curran, 50, a recently returned émigré. "Our whisky alone could float the government." Many Scots resent the fact that they hold few influential positions in the south, while Englishmen control many of the best jobs in Scotland. Despite net emigration losses totaling nearly 20% of the population since the mid-'50s, the Scots suffer an unemployment rate twice as high...
Until science adopts the same rigorous testing procedures that are applied to any other investigation, the pursuit of any possible "psi" effect will meet with serious and legitimate objections. Miracle workers will continue to produce "paranormal" ghost pictures, bend nails and float objects in midair. Scientists will be confused until they realize that they are incapable of detecting chicanery without expert assistance...
...shortages of both food and energy and kept pressure on the President to end restrictions on farm output and oil imports-two steps that were belatedly taken within the past 14 months. And he persuaded finance ministers of the world money powers last year to let currency-exchange rates float in response to supply and demand, a practice that has provided a measure of stability for the international monetary system...
...Eight" oil companies which is siphoning oil from neighboring naval reserves; scaring a Congressman who padded his expense accounts away from a re-election bid; and being the prime force behind a just-passed (but "totally ineffective") Senate resolution barring the use of U.S. ships to float oil tax-free from the Arab states to South Vietnam...