Word: marked
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Dates: during 1970-1979
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...latest turmoil in the gold and currency markets shook the Belgrade meeting like an Adriatic earthquake. The moneymen hovered over telex machines to catch the latest gold fixings and dollar-mark exchange rates, and swapped anxious rumors. Inter-continental Arab finance ministers ducked quietly into Bill Miller's first-floor suite at the Inter-continental Hotel to get his assurances that the dollar would be defended. Reported TIME Correspondent Friedel Ungeheuer: "An undercurrent of fear and confusion about what has been happening on the money markets ran through the corridors of the modern Sava Center, where the I.M.F. sessions...
...Bundesbank's Pohl sees the world "moving inexorably toward a multicurrency arrangement." The European Monetary System is anchored on the German mark, while the Japanese yen is developing an important role in Asia as a trading currency. The oil-backed Saudi Arabian riyal could be a new powerhouse, but the Saudis have been reluctant to let it play a role in international loans...
...Bethlehem, it becomes clearer that the only real way to restore the dollar's health is to cut America's inflation. As long as prices continue climbing at a rate of 13% in the U.S., compared with 6% in West Germany, the dollar will sink and the mark will rise. In such circumstances the dollar is lost, and attempts to save it will only ruin the nation's industry by making such exports as computers, airplanes and chemicals vastly too expensive in Japan or Germany, and imports like autos far too cheap at home. Former Fed Chairman...
Ford will introduce a front-wheel-drive subcompact code-named Erika by next fall. In the meantime it has just completed a costly effort to downsize its big gas-gulping Lincoln Mark VIs, Cougar XR-7s and Thunderbirds for the 1980 model year and to boost its fleet average fuel economy 13% to an industry high of 21.6 m.p.g. But for a while, Ford's only real strong points will be its overseas operations and its brisk truck business...
...third and 16 from the Cornell 30, Tanner hit Mark Turley coming out of the backfield for a 31-yd. gain to the Harvard...