Word: germanic
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Dates: during 1980-1989
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...double charge of cheery news had a predictably explosive impact on currency exchanges and financial markets. The dollar jumped to nearly 131 Japanese yen, up sharply from about 126 yen the day before. The greenback also fetched 1.68 West German marks, vs. 1.63 the previous day. At the New York Stock Exchange, everyone who had been planning to buy stocks if the trade figure was good seemed determined to get in at the opening bell. The Dow Jones industrial average skyrocketed, beginning trade 55 points above Thursday's close of 1916. But the surge ended almost as soon...
...back, then leaves again. You can't blame him. Pat, as she admits, is overplaying her role of Mother Courage as Kelly Girl. Not only does she now have her own three children living with her, she has also taken in Pauline, who has five kids and a pregnant German shepherd. Chaos, at least. And lurking about Pauline are a violent estranged husband and a homicidal ex-husband. This, furthermore, is not the book's Act II, in which the plot is supposed to get complicated; it is Act III, when everything is supposed to settle down and make sense...
Holland was right. "They" -- the central bankers of the world's industrial countries -- were launching a major surprise mission to rescue the dollar from its perilous slide. The Federal Reserve and other central bankers intervened by unleashing a flood of orders to trade Japanese yen, West German marks and other denominations for the dollar. The strategy worked stunningly, sending traders scrambling to move in the same direction. Said Holland: "You don't make money by challenging the Fed. You could get squished trying to do that...
...dollar, after opening in Tokyo Monday at a post-World War II low of 120.45 yen, rocketed to 129.45 by Thursday in New York. Against the West German currency, the greenback jumped from a record low of 1.56 marks on Monday to a week's high of 1.65. But no one could say whether the dollar's comeback could endure. The fragile currency backslid somewhat against the yen and mark on Friday in reaction to estimates that the U.S. budget deficit would balloon once again in fiscal...
Abbas Hamadei was captured last January at Frankfurt airport. One of his alleged kidnap victims, Schmidt, has since been released as a "goodwill gesture." As for Cordes, on the eve of the trial his keepers released his photograph along with a note urging West German authorities to "consider what happens in the coming days and draw the consequences." Bonn did not blink. Declared Klaus Arend, the presiding judge: "We would lose sight of our duty if we were to succumb to pressure...