Word: germanism
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Dates: during 1980-1989
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...presciently sold most of his stock holdings shortly before last month's market crash. Senior Correspondent Frederick Ungeheuer interviewed Goldsmith at length for the three-page story. The two discovered something they had in common: Frankfurt, Ungeheuer's hometown and the seat of Goldsmith's forebears, a distinguished German banking family. Ungeheuer spent a week traveling with Sir James, watching him conduct business in Paris, New York City and Washington. The two also huddled at Goldsmith's homes in Paris and New York City. The Paris building's ornate interior and art collection reminded Ungeheuer of an earlier...
...would help ease the trade deficit by making American goods more competitive but also that propping up the currency would force the U.S. to keep interest rates too high just when a recession became possible. In the past month or so, the dollar has dropped 7% against the West German mark and 5% vs. the Japanese yen, which comes on top of an almost 40% fall during the past two years...
...previous month, indicated that the dollar's two-year drop is at last beginning to have an impact on the competitiveness of U.S. products. At the same time, consumers are finally starting to turn up their noses at the rising prices of foreign imports. Last week Porsche, the West German sports-car manufacturer, announced plans to cut production because of sharply declining sales in the U.S., where the company sells fully 60% of its output. Meanwhile, the Administration is continuing its efforts to force other countries to remove trade restrictions. The White House announced plans to increase tariffs on Brazilian...
...16th century. When Jimmy's grandfather Adolph came to London in 1895, he came as a millionaire and bought a mansion off Park Lane. Jimmy's father Frank, who changed his name to Goldsmith, went to Oxford, fought at Gallipoli, sat in Parliament, but found London's wartime anti-German emotions so painful that he moved to France, married a French wife and prospered in the hotel business. He lived in a world of yachts and limousines and casinos, and so did the son born in 1933, Jimmy. When he was six years old, according to a new biography...
...about 1:30 a.m., German torpedo boats slipped into Lyme Bay and launched their weapons against the convoy. The toll: 749 Americans dead, four times the number that perished on Utah Beach. Most were raw recruits who had never seen the enemy. For the sake of wartime secrecy, news of the tragedy was withheld. The dead were never honored with an official monument...