Word: leveler
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Dates: during 1960-1969
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...intransigence sent Europe's monetary system reeling toward the brink of crisis. On the day that Schiller, chairman of the Group of Ten, summoned the world's leading central bankers and finance ministers to an emergency meeting in Bonn, demand for gold in London hit the highest level since March. In New York, sterling hit rock bottom at $2.38. In Swiss money markets, it slipped even lower. The dollar, by comparison, weathered the crisis fairly well, reflecting general confidence that the U.S. was finally doing something convincing about its balance of payments problem...
...measures he is taking in lieu of devaluation may somehow succeed in stopping the run on the franc. France, after all, is in a far stronger position than Britain was when it devalued last year. Britain's gold and foreign-currency reserves had dwindled to a dangerously low level. France, despite the recent heavy losses, still has $4.1 billion in gold and reserves, and in addition to that the $2 billion credits made available in Bonn by the Ten and nearly another $1 billion open to it in Basel's Bank of International Settlements. Taken together, those...
Quiet in the Delta. The level of fighting, to be sure, did not nearly approach the intensity of battle that had prevailed earlier in the year. Whatever tacit understanding to lower the level of violence that had been reached be tween the U.S. and the North Vietnamese seemed to be working, at least in part. Nonetheless, almost 500 Americans and more than 450 South Vietnamese have died in action since Nov. 1. The weekly average of 144 U.S. battle deaths since then is admittedly considerably lower than the average of 293 for the year prior to the halt...
...Society, the health gap is growing. In 1940, the infant-mortality rate for nonwhites was 70% greater than for whites; now it is almost 100% greater-38.8 v. 20.6 per 1,000 live births. In some ghettos, infant-mortality rates exceed 100 per 1,000 live births-approaching the level of a Biblical plague. In Mississippi, the Negro maternal death rate is five times that of whites; 74% of these are, in medical opinion, preventable...
...first month, Sarno's midway attraction seems to be paying off. Circus Circus has drawn an average of 15,000 people a day, including the woman who on opening day broke her leg sliding down a fire pole intended to convey guests from level to level (the pole is no longer in use). Some customers still grump at the amusements. "It's like Disneyland," said a restaurant manager from Covina, Calif. But most are enthusiastic. "It's just like when I was a kid," said Robert Locke, a retired steamfitter from Long Beach, Calif. Said Mrs. Sigmund...