Word: marke
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Dates: during 1960-1969
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...University, a consortium of 2,000 students who also attend the capital area's formal universities. Courses cover everything from drugs and Herman Hesse's novels to macrobiotic diets and Herbert Marcuse's philosophy. Like free university students elsewhere, W.A.F.U. participants subscribe to 19th century Educator Mark Hopkins' heroic if hoary notion that all that is necessary for education to take place is two people...
West Germany has become Europe's pre-eminent economic power, and the Deutsche Mark the world's strongest currency. The country's very strength, however, is now a source of tension and trouble both inside and outside Germany. Twice within seven months, a speculative rush to buy marks has weakened the finances of West Germany's al lies and roiled international monetary affairs. At home, the blessings of prosperity now threaten to turn into the pangs of inflation. What happens in Germany next will have a vital effect on all of Europe...
Germany's surprising decision against raising the value of the mark virtually guarantees that the country's economic surge will continue, probably at a perilously fast pace. The output of German factories so far this year has leaped 17%. Last week Bonn announced that its foreign-trade surplus in April rose to $325 million, compared with $275 million in April 1968. A deluge of foreign orders 41% higher than a year ago is pushing Germany's industrial machine toward the limits of capacity. "We cannot go much further," says Werner Meyer, director of Blaupunkt, the Bosch radio...
Discount House. Such problems have a common cause: the mark is greatly undervalued in comparison with the inflation-weakened moneys of Germany's trading partners. This disparity has turned Germany into a heavily patronized discount store for the rest of the world. By recent estimates of the German Bundesbank, Germany's goods now cost an average of 7½% less than those of its major trading partners. Since the difference is even greater between German and U.S. products, it is hardly surprising that German exports to the U.S. climbed 38% last year. As the world's most...
...part of its "Happiness Campaign," TWA divided its employees into groups according to their job categories and the size of the cities in which they are based. The groups compete against each other to see which can best please the public. The judges are the customers; they mark ballots to cite those who give them the snappiest service. Employees in winning groups receive $100 each and a chance to draw for bigger prizes ranging up to a sports car or $2,700 in cash...