Word: frankfurting
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...seemed at first; the rally that followed the Treasury-Fed announcement was one for the record books. On Thursday morning in Zurich, the dollar opened 1% up in value against the Swiss franc from the previous day. the sharpest overnight dollar rise ever recorded there. In Frankfurt, where the dollar had sagged to a record low of 2.07 marks during its autumn-long slide, it abruptly recovered to nearly 2.16, also a record rise. In Tokyo. where the dollar had fallen to a postwar low of 237 yen on Wednesday, it promptly rebounded...
...money markets been in such turmoil. Once again the source of the trouble was the U.S. dollar. After slipping steadily in value all autumn, last week it went suddenly into a free-fall plunge that sent it skidding to postwar lows on money markets from Tokyo to Frankfurt. When the dust finally settled at week's end, a dollar could buy only 241 Japanese yen, 2.14 deutsche marks or 2.06 Swiss francs. Since January the dollar has lost 22% against the yen, 19% against the Swiss franc and 11% against the mark. Nor has the once mighty greenback been...
...partly explain their bitterness. The West German system-capitalism infused with touches of social democracy-has been so successful in gaining its citizens' support that extremists of either left or right have found little social unrest to exploit. Says Irving Fetscher, a political scientist at the University of Frankfurt: "Those students who did try to win over the workers generally failed, and then they turned violent. Either you reshape your view of reality, or you try to punish reality for not conforming to your theories...
...Please wait. Will come with the number." Minutes later: "Frankfurt, here is Oscar X Ray. Three terrorists killed, one badly wounded." Mahmud and two others had been killed outright; the fourth, a woman, suffered a thigh wound and was taken to a Mogadishu hospital. One commando, one stewardess and four passengers were slightly injured. Except for the murdered Captain Schumann, all the hostages survived...
...Copied O.K.," Frankfurt replied. That was it; there was no fanfare. The next radio instructions simply ordered the plane to return to Germany...