Word: processing
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Dates: during 1970-1979
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...believe that he will continue the Peace Process which we started together and which I hope will be completed in Geneva...
...Administration abruptly announced that it would stop redeeming dollars for gold. That left U.S. allies stuck with dollars that were worth only what they would bring on the exchange markets. Two formal dollar devaluations followed, and eventually, five years ago this month, fixed exchange rates were dumped. Throughout this process, the U.S. seemed complacent, even proud. John Connally, who was Treasury Secretary when the gold window slammed shut, boasted that he had acquired a reputation as "a sort of bullyboy on the manicured playing fields of international finance." Nixon's own attitude was immortalized by a casual comment...
Restoring confidence in the dollar will be a long process, but it must be started. Washington's handling of its role as the world's central banker is a matter of both substance and style, and for too long the U.S. has paid only passing attention to how the rest of the world sees its actions from either perspective. The perils of the U.S.'s ignoring its responsibilities go beyond economic stability, vital as that is. Just as war is too important to be left to generals, international finance has become too essential to be entrusted...
First the bad news: Sanche de Gramont is not a French count any more. Now the good news: he became an American citizen last year and, in the process, shed his title and the name his family has borne since "the morning hours of Western civilization." He is now Ted Morgan. Big changes: De Gramont, says Morgan, was the strict, rather European father, for instance, and something of a male chauvinist; Morgan, says Morgan, is a permissive American father of two, and an earnest believer in feminism. De Gramont kissed the slender hands of titled ladies, the rascal; Morgan...
...does, the reader thinks, his eyes opened by Morgan's perception of Americans as "the true existentialists ... Anxiety is the price that must be paid for boundless opportunity, including the opportunity to cheat the system, and not everyone can handle it." But passion does not improve the reasoning process, and when the author supports his arguments with windy civics lectures and careless unravelings from U.S. history, he can be more provocative than illuminating. Cases in point include a lame paragraph that seeks to prove "a high incidence of breakdown among men and women in public life" by linking...