Word: marked
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Dates: during 1970-1979
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After long considering a strong dollar a national birthright, Americans lately have learned the humiliation of holding a currency that sinks, slumps and plummets almost every day. In the past year the dollar has declined 17% against the West German mark, 29% against the Japanese yen and 34% against the Swiss franc-and even 9% against the Indian rupee. The Carter Administration has responded with a Dr. Feelgood litany that the dollar's health is sound, and that it will recover from its indisposition if everyone will only wait long enough. But the world's money traders...
...most important step would be a tough, credible anti-inflation program. Inflation, of course, debauches a currency by reducing its purchasing power. As long as the West German inflation rate is under 3% while the American rate is more than 8%, the dollar will continue to depreciate, and the mark will rise. An austerity program that brings American inflation down toward the German level is an inescapable move to support the dollar...
...cooperate closely, buying and selling currencies in order to keep the rates within certain ranges. Former Under Secretary of the Treasury Robert V. Roosa says that a first step toward this arrangement would be to set up "reasonable ranges of value for the three key currencies - the dollar, mark and yen." Other currencies would quickly fall into line behind the big three. The IMF could monitor national economic activity and recommend when currency values should be increased or decreased and by how much. Last April the IMF set up a "surveillance system" that could perform this function. Though some American...
That leaves Ford's bigger autos-the Lincoln Continental and Mark V-the only full-size cars not going on a diet for 1979. It will be the last year, though, for Ford's yachts; the company is pushing them as collector's items at collector's prices. The Mark V lists at $13,067 and is expected to sell well. That presents a problem for Ford. To meet the 19-m.p.g. average this year, the company must offset the thirst of its big models with increased production of little cars. But sales of its mainstay...
...Dartmouth 24-21 6-2 Rob Sidorsky Harvard 25-17 Yale 31-28 Brown 14-6 Columbia 15-13 Cornell 24-21 B.U. 21-17 5-3 John Donley Harvard 27-16 Rutgers 21-20 Brown 10-6 Penn 28-24 Cornell 21-10 B.U. 17-14 4-4 Mark Director Harvard 20-12 Rutgers 27-24 Brown 17-13 Columbia 24-19 Cornell 30-22 Dartmouth 25-20 4-4 Bill Scheft Harvard 21-10 Yale 17-14 Brown 28-10 Columbia 28-20 Bucknell 7-6 Dartmouth 31-21 3-5 (ugh) Danny Jiggetts '76 Harvard...