Word: malmgren
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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 sand, hold the dollars, and the dollars turn back to sand." Nervous central bankers also fear that dollar holders will suddenly try to move large funds into another currency or into gold. Warns Karl Otto Pohl, president-designate of the German Bundesbank: "If this mass of dollars ever begins...
...balance of trade is on its way to a huge deficit of more than $4 billion this year-double last year's worrisome gap between exports and imports-in part because of Japan's modern closed-door policy. This grim analysis was made last week by Harald Malmgren, a senior member of a U.S. trade mission that met with officials in Japan to seek a way to increase American exports. The need for some kind of action soon was starkly emphasized by a Commerce Department report that the trade deficit in this year's first half...
...their products abroad and continued to boost their exports. In addition, the expected price decline for American goods in Japan has not materialized, and some items have become even more expensive. Reason: Japanese distributors have maintained pre-revaluation prices on many U.S. goods and pocketed the extra money. Malmgren warned that Japan's failure to help ease the deficit quickly could lead the U.S. Congress to pass more protectionist laws...
...Fulton County gets its way, the defense will still have to do that explaining. The current prosecutor, William Malmgren, is Miller's original defender; though he has disqualified himself, his office still wants another trial. Whether or not Miller, who is now a Chicago busboy, ever returns to court, the Illinois Bar committee seems to be saying that, while a witness is required to tell "the truth, the whole truth, and nothing but the truth," no such restrictions apply to prosecutors bent on winning a conviction...
Married. Capt. Filippi Zappi, navigator of the doomed Nobile dirigible Italia, who was rescued wearing the clothes of his dead Swedish comrade, Finn Malmgren; and one Mile. Le Coultre; in Le Sender, Switzerland. Last month in Manhattan, when a newsreel cinema showed pictures of Capt. Zappi, voices in the audience snarled: "Cannibal...