Word: germanism
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Dates: during 1980-1989
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...sake of enabling America to continue living beyond its means. They will insist on a meaningful slash in the American budget deficit. The fear of inflation is particularly strong in West Germany, which was still raising interest rates shortly before Black Monday, to the intense displeasure of the U.S. German Finance Minister Gerhard Stoltenberg last week hinted at what would be required to get Bonn to change course. Said he: "What we need most are political decisions in the U.S., strong efforts and agreements to make substantial cuts in the budget deficit." Other officials add that the Germans will insist...
...lager and its draught Oktoberfest and Amber beers. In bottles, Anchor's Porter, Liberty Ale and Wheat Beer, Boulder's Porter and Extra Pale Ale lacked authority, as did Minnesota's August Schell's Pilsner and Cold Spring Export "water-made." The best by far was the sophisticated, convincingly German-style Samuel Adams lager, followed by the clear, refreshing Dock Street Amber from Philadelphia and the tangy, cider-like New Amsterdam Amber. The heady, all malt Eau Claire lager from Wisconsin was perhaps the most interesting of all, with a seductive, cocoa scent and savor that makes bracing between-meal...
...Last week opinion polls showed that a majority of the French people favored a slowdown in the sell-off. Depressed market conditions forced the Premier to postpone the sale of the government's majority share of the defense and electronics group Matra, a $23.5 million enterprise. Meanwhile, the West German government appeared poised to put off the sale of its remaining 16% stake in auto giant Volkswagen (1986 revenues: $29.3 billion), despite earlier pledges of a sale this year...
...would lead to a U.S. recession and then to a world economic downturn. Nervousness about that prospect led to a certain amount of pointed anti-U.S. feeling. "The problems we are facing are the result of policies from the beginning of the Reagan Administration," said an angry West German central banker. "American policy is mainly determined by domestic considerations, even if it affects the world economy. Such thinking is no longer appropriate." A survey of the top financial centers...
...budgetary realism in Washington, and Chancellor Lawson reminded tight-fisted central bankers in Bonn that it was a credit crunch that turned the 1929 Crash into the painful 1930s Depression. Said he, referring to West Germany's reluctance to stoke its economy: "It would certainly be helpful if the German monetary authorities were to show more awareness of this...