Word: primed
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Dates: during 1970-1979
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This sometimes led to absurdities. On a state visit to Ottawa in 1972, an advance man decided that the tan furniture in Pierre Trudeau's office would not flatter Nixon on television and took it upon himself to redecorate the Prime Minister's private office with blue-covered sofas. He was stopped at the last minute by an incredulous associate of Trudeau almost incoherent with rage...
...White House Aide John Ehrlichman sought to prescribe a guest list for a dinner at 10 Downing Street, David Bruce, our Ambassador in London, who had seen too much in a distinguished diplomatic career to be intimidated by a new Administration, cabled: "Surely the absurdity of telling the British Prime Minister whom he can invite to his own home for dinner requires no explanation." Other advance men in Paris, surveying the residence of our Ambassador there in preparation for the President's dinner for De Gaulle, gave rise to further palpitations...
...indelible message of the Garden concerts was survival. The Who spent the '70s riding out the trends and passing tempests of this irresolute rock-musical decade. Now they are ready to rise above them. Since Moon was their prime anarchic spirit, a blithe and murderous clown as well as a killer drummer, his passing could have taken the edge of risk and controlled madness from the band, left them without a storm center. But the unsentimental truth has proved to be that the lessons of geometry do not necessarily apply, and that in rock the whole is sometimes greater...
...rates used to manipulate credit policy have shot up dramatically. The Fed last week raised the discount rate, which is the interest it charges on money that it lends to member banks, by a half-point, to 11%, a record high. Several major banks then boosted their prime rate by a quarter-point, to 13¼%, also a record. That was the sixth jump in the prime since the end of July, when it stood...
...European and Japanese rates. At present, U.S. interest levels are no higher than existing U.S. inflation rates; thus there is scant reason for money traders to buy dollar-denominated short-term securities, since they earn nothing. Other currencies are a better buy. For example, even though the West German prime rate of 7.75% is more than five percentage points lower than the U.S. prime, West German inflation is about one-third that of the U.S., so traders sell dollars to buy marks and other currencies where they can earn a real return. This weakens the dollar...