Word: france
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Dates: during 1980-1989
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...economy showed several signs of vigor last week. The dollar set records against the French franc and Italian lira and was worth more than three West German marks for the first time since 1973. To foreign investors, said Walter Heller, who was President Kennedy's top economic adviser, "the U.S. is the safest and most profitable haven around for investment." Bond prices surged on the belief that the Federal Reserve Board is easing its monetary policy. Stocks also rallied. The Dow Jones industrial average jumped 30 points to finish the week...
Silverblatt's feeling came from a dollar that this summer has hit all-time highs against nine foreign currencies, including the British pound, the French franc and the Italian lira. The surge has helped to propel American tourists abroad in ever growing numbers. Applicants at the 13 U.S. passport agencies have had to wait up to eight hours this summer just to reach the counter, and clerks have been working six-day weeks. The frantic pace should outstrip last year's, when U.S. travelers made a record 25.3 million trips abroad...
...prime rate that they charge corporate customers from 12.5% to 13%. That helped boost the dollar to record highs against the British pound and the Canadian dollar. The U.S. currency also hit a peak for the year vs. the Japanese yen, and a seven-year high against the Swiss franc. Many economists expect further hikes in interest rates and a continued strong dollar...
...hungry Finance Minister Jacques Delors swoops down from a helicopter to collect the franc used in the coin toss of a soccer match. Intent on projecting French military power abroad. Defense Minister Charles Hernu leads an attack against the tiny principality of Monaco: "Ack-ack-ack!" President Francois Mitterrand interrupts his compulsive globetrotting for a rare visit to Paris and, shuddering at what he finds, hightails away again...
...brutal: capitalism is a contagious disease, and the carrier is money. Bourgeois parents reward their sons for lying about money. The surest way out of a sticky situation is bribery. Currency is as counterfeit as the system it supports. A young man (Christian Patey) unknowingly passes a phony 500-franc note, but be cause his stubborn rectitude marks him as an alien in the kingdom of greed, he must suf fer an almost comic series of calamities: fired from his job, then jailed, then abandoned by his wife (Caroline Lang). His child must die. Finally, his spirit purified into psychosis...