Word: goldings
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Dates: during 1970-1979
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...speculators, apparently believing that Stage II is too weak and will not work, sent the dollar plunging. The greenback fell to its lowest exchange rate since World War II against the yen, the deutsche mark, the guilder, the Belgian franc and the Danish and Norwegian crowns. The price of gold, which moves inversely to the dollar, reached a new peak of $233.70 an ounce. "We had not expected much," explained one Zurich foreign-exchange dealer about Carter's plan, "but neither had we expected so little." On hearing the news, Carter remarked rather tartly to his economic advisers...
...pretty, isn't she?" A man urges her to "get the electric chair going as soon as possible." At a housing project, a middle-aged black does not answer when she talks to him, then murmurs as she walks away, "Looking good, looking good." She watches State Senator Emanuel Gold playing touch football and gets bopped on the head with the ball. And from the podium at a rally, Queens Borough President Donald Manes says, "She'll make a good Congressman ... woman ... person ... whatever." Replies Ferraro: "I'll take...
Carter yesterday ordered an unprecedented increase of a full percentage point in the lending rate at the nation's central bank, arranged to borrow up to $30 billion in foreign currencies to buy dollars that are unwanted abroad and ordered an increase in the sale of U.S. gold reserves...
Your Essay "What to Do About the Dollar" [Oct. 9] pushes selling gold, buying dollars, tight money. These are nothing but currency manipulations. No number of fiscal and monetary Band-Aids will do. Currency, after all, is only a medium of exchange. Stand on a street corner and watch the Toyotas, Mercedes and Volkswagens go by. This country has to produce goods with performance, quality and dependability. Tight money, recession and unemployment are no substitutes for productivity. We've got to rediscover value and go to work...
...that includes prohibitions of discrimination against pregnant women, veterans, students, Hispanics and the handicapped as well as homosexuals. The proposition's chances are rated fifty-fifty. Not so for a second issue on the Florida ballot, which would permit casino gambling on the state's economically troubled gold coast. Hotel owners have bankrolled a million-dollar campaign in its favor, but Governor Reubin Askew has mounted a sort of holy war against the proposition, arguing that gambling would attract organized crime. Polls show public sentiment to be running 2 to 1 against the proposal...