Word: goldings
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Dates: during 1970-1979
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That weapon was being battered last week. In hectic trading, the dollar plunged before recovering slightly. Gold, the traditional shelter in troubled times, rose to a record close of $434 per oz. in London, up $52 in five weeks. Traders worried mostly about the volatility of the Iranian confrontation, and they were also troubled by rising oil prices and the slight softening of U.S. interest rates...
...outspoken, well-tailored $82,500-per-year superintendent of the nation's third largest school system, Chicago's Joseph Harmon was a favorite in the Gold Coast parlors of the city's business elite. In four years on the job his scrappy resistance to busing in the racially divided system, now 80% nonwhite, won him praise from whites-and steady criticism from minorities and the Federal Government. But when Hannon recently telephoned to talk about the schools with his friend Don Reuben, a well-connected local lawyer and adviser to Chicago's Mayor Jane Byrne...
...economy and win the loyalty of subordinates by lavish financial favors. Nonetheless, the Shah in power lived very well, to put it mildly. He shuttled among five palaces in Iran. Journalist Fallaci, interviewing the Shah in 1973 in one of them, noted that "almost everything in the place was gold: the ashtray that you didn't dare dirty, the box inlaid with emeralds, the knickknacks covered with rubies and sapphires." The ruler's sisters also basked in opulence. Princess Ashraf Pahlavi owns two town houses and a lavish triplex coop apartment in Manhattan. Princess Shams is said...
...gravest threat to Gueiler's administration arises, as it usually does in Bolivia, from the armed forces. Three days after she was presented with the red, gold and green ceremonial sash of the presidency, Gueiler was handed a blunt de mand by a coalition of young pro-democratic army officers. Its substance: that she oust all of the high military officials appointed by Natusch, including General Luis Garcia Meza, a right-wing officer who had been named commander of the army. Gueiler was happy to oblige; she selected General Rene Villaroel, a moderate officer, for Garcia Meza...
...spree, grabbing up Iranian corporate and industrial assets not only in the U.S. but also in West Germany. The free-for-all rush after Iranian booty put investors and businessmen on edge, rattled money markets and in the process helped send the dollar into a renewed slide while pushing gold back up to more than $400 per oz. In the scramble, banks even wound up suing each other. Lamented one London finance man: "The situation is total confusion." Added a nervous colleague in Frankfurt: "The chaos is complete. You just do not know what to expect next...