Word: leveler
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Dates: during 1970-1979
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When the Carter party flew into Riyadh, the prime topic of discussion was the impending resumption of talks between Egypt and Israel at the Prime Minister level. The Saudi Arabian King and Crown Prince remained unwilling to join the peacemaking process until more progress was made on the general principles of any settlement. When the talks turned to energy, the Saudis apparently hinted that they could not hold the current line on oil prices unless something was done to check the sliding foreign value of the U.S. dollar. Their position gave further incentive for dramatic action in Washington...
...then on Friday, selling pressure began all over again. By day's end, the dollar had dropped back to 2.14 marks in Frankfurt, and to 2.01 Swiss francs in Zurich. One possible reason: speculators noticed that the Washington announcement a) did not promise any particular level of intervention, and b) hinted that the U.S. will not attempt to keep the dollar above any specified floor price-but will merely try to "reestablish order" on the exchanges. That would seem to leave room for a continued, though gradual, decline...
...that is, selling foreign steel in the U.S. for less than it costs to make, or is sold for, in its home country. Last week the Administration announced details of its new "trigger price mechanism" plan, under which steel entering the U.S. with a price tag below a predetermined level would instantly unleash the investigative hound dogs of the Treasury Department...
Students whose parents contribute up to $2000 to their college costs--but who were not eligible for work study jobs under the old parental contribution level of $750--can now consult the numerous work study openings in the Students Employment Office...
Berizzi explained that due to this training procedure, the J.V. squad is always subject to change. The coaches can create a stronger team by grabbing a couple extra upper-level swimmers...