Word: foreign
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Dates: during 1970-1979
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Israel and the Arab nations also must pay more attention to the plight of the Palestinians. But a change in the American policy toward the PLO would make it more likely for other countries to follow suit. Israel Foreign Minister Moshe Dayan already has met with PLO sympathizers--a significant step forward indicating that Israeli policy with respect to the Palestinians may not be as rigid as most people believe, particularly if the next prime minister adopts a more moderate position than Begin's entrenched opposition to a palestinian state...
Without a doubt the two most unfortunate meetings Nixon had with any foreign leader were his conversations in the Oval Office on Nov. 4 and 5 with Indira Gandhi. Mrs. Gandhi began by expressing admiration for Nixon's handling of Viet Nam and the China initiative, in the manner of a professor praising a slightly backward student. Her praise lost some of its luster when she smugly expressed satisfaction that with China Nixon had consummated what India had recommended for the past decade...
...foreign moneymen worry about the Carter Administration's resolve to hold down inflation at the cost of higher unemployment as the 1980 political campaign picks up steam. They found fresh reason for skepticism last week: it was revealed that to get the unions to join in the Carter anti-inflation program, the Administration agreed not to try to penalize any violators of the "voluntary" wage and price guidelines. Miller attempted to soothe his colleagues in Belgrade by promising that the Administration would "stay the course" in battling inflation, but doubt remained. Said one West German Cabinet minister: "The problem...
...many years during the 1950s and 1960s, Europeans complained about a "dollar gap." Greenbacks were the only currency that was accepted everywhere, though there were not enough of them around to finance world trade and development. But the dollar gap has since become a dollar glut. Due to heavy foreign spending, first to pay for the Viet Nam War, more recently for oil imports, the U.S. has exported enough dollars in the past decade to boost the reserves held by foreign central banks from $24 billion to $300 billion. Private international banks hold another $600 billion in Eurodollars, which...
...described just such an avalanche. The result was a thumping destruction of all the foundations of industrial society as nations returned to barter economies. Financial experts tirelessly insist that in the nonfiction world such a collapse would be impossible. One reason is that well over half of foreign trade, including sales of oil, metals and grain, is billed in dollars...