Word: german
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Dates: during 1970-1979
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...appointment of the company management board. Yet workers are neither involved directly as representatives nor, experience shows, indirectly throughcareful examination of both the issues the board faces and the votes of their representatives. A survey taken in the early 1970s showed that fewer than one third of German workers even knew the composition of the supervisory boards...
Nonetheless, the simple genius of Brel's music carries the show. With deftness and economy this balladeer of the down-and-out mixed the tender and the funereal into a weltschmertz as heady as any German musician has ever brewed. These are songs that use familiar sounds--the sagging languor of a torch-song, the steady intensity of an army march--to put the listener off-guard and then knock him flat with cynical or black-humorous lyrics. "Marathon" goes on a careless, accelerating dance through the 20th century, nostalgically stopping at favorite decades, until the abrupt, eschatological ending puts...
...inflation. Supermoney is the immense and swift-moving pool of currencies deposited in banks outside their home countries- and thus out of the control of any government. No body knows the total, but estimates run to $750 billion in ''offshore'' dollars and $250 billion in German marks and other, mostly European, money...
...Members of the Organization of Petroleum Exporting Countries, unable to spend their petroprofits fast enough, began parking many surplus dollars in banks outside the U.S. Cartel members now have $74 billion in these Eurodollar deposits. Bankers also started lending large amounts of Euromarks and Euro-francs, which are West German marks and Swiss francs deposited outside their home countries...
Still, Fraser has a yen to see European-style ''co-determination'' spread in the U.S. In West Germany, Sweden and Denmark, workers sit on supervisory boards. Studies suggest that they have little impact on corporate policy-for good or ill. Notes one German industrialist...