Word: ifs
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Dates: during 1970-1979
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One enters expecting the familiar recorder of a vanished culture, the cafe and boulevard life of the Belle Epoque, the lowlife of the cabarets, the well-known cast of characters-May Milton, La Goulue, Paul Sescau, Jane Avril. One leaves with an impression of precocious modernity, partly because Lautrec'...
The urgency for action on the energy program becomes clearer all the time. Brandishing the oil weapon in Belgrade, Saudi Arabia's Finance Minister Mohammed Ali Abdul Khail warned that continued depreciation of the dollars that the OPEC countries are paid for their oil might very well "evoke reactions...
Central banks and private holders are reluctant to accept any more dollars, whose value declines almost daily. OPEC countries in particular are attempting to put new oil earnings into marks, yen or gold. Says Washington Economic Consultant Harald Malmgren: "The Arabs have learned that they pump oil out of the...
As the dollar is being eased out of the cornerstone position it has held since World War II, gold and some strong currencies are moving in. The American campaign to remove gold from the world money system has failed;, as one example of bullion's continuing monetary role, the...
The real risk of the tangibles scramble is the impact that it has on the economy as a whole. By encouraging an at titude of buy now before the price goes up, panicky consumers are making further and even steeper price increases virtually inevitable. Yet people are not about to...