Word: german
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Dates: during 1970-1979
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...before - the profits or losses that result from changes in currency values. Many a corporate treasurer comes to the end of each quarter knowing that his company will have to report a heavy loss, possibly because it will have to pay more dollars to settle bills owed to German and Japanese suppliers in marks or yen. The treasurer sometimes will make speculative sales of dollars late in the quarter, seeking trading profits to offset part of the loss...
...orders descend on the cambists - some working in money-trading firms, many employed by banks, a growing number directly for multinationals. Though they work on order, they have some latitude. If a multinational orders its bank to sell, say, $1 million for German marks on a particular day, in Europe it is up to the bank's trader whether to let them all go at once or sell $500,000 in the morning, the rest in the afternoon. In New York, a trader must execute the order at a time and price that the client specifies...
Psst... want to speculate against the dollar? It's easy - even if the amateur lacks the cash or savvy to deal in the big-time foreign-exchange markets. For $26.75 almost anybody can buy a traveler's check denominated in German marks or Japanese yen; $32.95 gets one denominated in Swiss francs. The buyer can hold it as long as he likes and then cash it in at the exchange rate prevailing that...
...long gala festival. Students, soldiers and scores of foreign scholars jammed six concert halls for the performances, including fully staged productions of all nine Janáček operas. Workmen bawled the great man's songs in local bars. Interpreters translated learned musical discourse in three languages (Czech, German and Russian). "If the old man ever scribbled graffiti on walls, we will probably hear that too," said one visitor...
...masterpieces of comedy and verbal invention about the culture and history that suppurated as the Third Reich. In other novels, plays and poems, he dealt with the Hitler aftermath of political divisions and haunted affluence. One mark of Grass's success is the uneasiness he caused the average German of his own World War II generation. In a tradition where philosophy and history stand on pedestals of grand abstractions, Grass's earthiness and ribald ironies came as a peasant's rude truths...