Word: micheler
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...article, Mitterrand admits: "I committed the error of not devaluing from the first," a move advocated by Michel Jobert, then Foreign Trade Minister. Said Mitterrand: "I felt that he was right. But [Prime Minister Pierre] Mauroy and [Finance Minister Jacques] Delors persuaded me to the contrary." Mitterrand indicated that he wanted to impose a policy of economic "rigor" as early as the spring of 1982. He felt that the "Germans were not ready," an apparent reference to Chancellor Helmut Schmidt's reluctance at the time to undertake a simultaneous revaluation of the mark...
...dates back far beyond the huddled yearning masses at the Baja California border and Ellis Island, beyond the passage in steerage of victims of the potato famine and the high-minded Teutonic settlements in the nascent Midwest. Just months after the Revolution was won, in 1782, French-American Writer Michel-Guillaume-Jean de Crèvecoeur said of his adopted land: "Individuals of all nations are melted into a new race of men." Americans embittered by the wars of Europe knew that fusing diversity into unity was more than a poetic ideal, it was a practical necessity. In 1820 future...
...West European panelists were not convinced. They feared that just as the West German election did not settle the controversy over Pershing Us in Germany, so NATO missile deployment itself, carried out gradually over a period of tune, will not necessarily persuade the Soviets to start serious bargaining. Said Michel Duclos, French Foreign Ministry counselor: "Their logical interest is to keep the water boiling, and they will continue...
...Board of Trade. The two exchanges hope that the new contracts, which cover oil for future delivery, will set the price for the entire industry. New York prices hovered around $29 during the first seven days of trading, while volume averaged a slow 1,500 contracts a day. Says Michel Marks, chairman of the New York Mercantile Exchange: "Such things don't start with a bang...
...contentious question to heel. But when legislation proposed by an unusual blue-ribbon panel to save the financially troubled Social Security system finally reached the floor last week, the vast package barreled through to bipartisan approval, 282 to 148. Passage of the bill, said Minority Leader Robert H. Michel, was "born of necessity and ripened of bipartisan deliberation...