Word: germanism
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Dates: during 1980-1989
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...beleaguered government of West German Chancellor Helmut Kohl is most vulnerable to these pressures. To stave off graver trouble for Kohl, who faces an uphill battle for re-election in December 1990, the U.S. and Britain reluctantly agreed to put off until 1991 any decision about the future of the short-range (80 miles) Lance nuclear missile. Public opinion in West Germany solidly opposes replacing the U.S.-made Lance with a newer missile capable of hitting targets 280 miles away. "It's doubtful the Kohl government could survive next year's elections if it is associated with a decision...
...NATO. Gorbachev set the stage for debating this several weeks ago, when he proposed opening talks on reducing the remaining short-range nuclear arsenals in Europe. The U.S. adamantly opposes the timing, arguing that conventional arms talks, which have just begun, must be wrapped up first. But the West German government is under enormous pressure to persuade the Americans to agree to start bargaining immediately for "equal but lower" levels of short-range nuclear weapons. Some leading West Germans are even pushing for eventual elimination of all short-range nuclear arms in NATO's forward zones, something the U.S. categorically...
Mallightco bought a 4% interest in an oil-and-gas well known as Sabine Lake Prospect for $9,120. On the very day the purchase became final -- May 10, 1988 -- Mallightco resold the interest to Union Rheinische Petroleum Inc., a West German company, for $440,000. The well at the time showed some prospect of becoming a commercial producer but has since been plugged. Wright's trustee then sold the Speaker's interest in Mallightco for $350,000, less $80,000 to pay off debts to the firm -- a handsome profit from a hopeless dry hole. Wright insists he knew...
...Mexico refused to turn over to the U.S. William Morales, a Puerto Rican nationalist convicted of illegally transporting explosives. Mexico called Morales a "political fighter for the independence of Puerto Rico" and let him flee to Cuba. The year before, West German officials refused to give up Mohammed Ali Hammadi, who was wanted for the execution of U.S. Navy diver Robert Stethem during a 1985 TWA hijacking. Bonn haled him instead into its own juvenile courts (Hammadi claims he was 16 at the time...
...cost cutting seems destined to continue in a world so interconnected that a decision made in Bonn can lower prices on Wall Street. The West German central bank inadvertently slowed last week's stock-market rally, for example, by raising interest rates to keep German inflation in check. The move briefly touched off fresh fears of a worldwide round of rate hikes and slower growth. Meanwhile, competition from Japanese and European firms that have opened U.S. offices is helping depress Wall Street commissions. Wall Street is not alone in its distress, for such financial centers as London and Tokyo...