Word: german
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Dates: during 1970-1979
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...Fans of German composer Kurt Weill, best known for his incomparable score of The Threepenny Opera, might be very interested in Down in the Valley. Weill composed this one-act opera in 1948 expressly for amateur groups. Stage Space, a neophyte Brookline company behind this production, is an amateur group in a technical sense only; the "Phoenix" praised the competence and the excellent voices of the performers. The story tugs at the tear-ducts, with events ending unhappily for two star-crossed lovers in Appalachia. But the music is superb, utilizing old folk songs and ballads; most viewers will recognize...
After long considering a strong dollar a national birthright, Americans lately have learned the humiliation of holding a currency that sinks, slumps and plummets almost every day. In the past year the dollar has declined 17% against the West German mark, 29% against the Japanese yen and 34% against the Swiss franc-and even 9% against the Indian rupee. The Carter Administration has responded with a Dr. Feelgood litany that the dollar's health is sound, and that it will recover from its indisposition if everyone will only wait long enough. But the world's money traders...
...will only buy time while the Administration takes the more fundamental action necessary to correct the dollar's underlying weakness. The most important step would be a tough, credible anti-inflation program. Inflation, of course, debauches a currency by reducing its purchasing power. As long as the West German inflation rate is under 3% while the American rate is more than 8%, the dollar will continue to depreciate, and the mark will rise. An austerity program that brings American inflation down toward the German level is an inescapable move to support the dollar...
...capture of Knoll and Speitel was the latest in a month-long string of triumphs for West German antiterrorist forces. After more than a year of intensive man hunting, they are closing in on the country's elusive urban guerrillas. Of the 25 most wanted terrorists, twelve have now been apprehended or slain. Among the other coups...
...held that the convergence of growth rates and declining trade surpluses in the nations that have them would help calm currency fluctuations and boost the buck, others reiterated that global money markets are no longer behaving rationally enough to be quieted down easily. Otmar Emminger, president of the West German Bundesbank, confessed that he had "given up hope that the markets would react to logic." Britain's Chancellor of the Exchequer Denis Healey found the entire world monetary system to be "in disarray" to the point of peril. The dollar rose a bit after the Senate's compromise...