Word: result
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Dates: during 1960-1969
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...fact, the franc's plight was perhaps more a result of the strength of the Deutsche Mark than any weakness of its own. West Germany has been running large balance of payments surpluses regularly and has been regularly forced to sell marks to maintain the parity of four marks to the dollar. The mark is certainly under-valued, out the Kiesinger government is understandably reluctant to revalue upwards. To do so would make German goods more expensive on the world market and undercut the prosperity West Germans have been enjoying for the past two years--and it would...
...decision to grant massive wage increases, without applying pressure on French businessmen sufficient to keep prices reasonably stable, was political cowardice. The French government should have taken the steps necessary to insure that an increase in wages would result in a roughly equal increase in real income to labor. Or conversely, it should have had the guts to deal with labor, admitting that it lacked either the power or the resolve to curb French business, and refuse to peddle an illusion. Selling the illusion of an increase in income to French labor may have bought DeGaulle political elbow room...
...expect a repeat of the hourly. The boom was lowered, howeven, when Crumgold's assistant and grader, Father O'Malley, distributed the six-page exam with its three dozen identifications all drawn from the lectures. Dr. Crumgold allowed the god priest full leeway as to grading, with the result that every student passed; not one walked away from that course indifferent to the dangers of overconfidence...
What Arnold has done, and it is a grievous error, is underestimate his playwright by playing only for the surface values. While he does well by Sugar Plum and Indian on the superficial level, I don't think Horovitz would be too pleased with the overall result...
Helpless and Hopeless. A likely answer is that people are just plain scared of crime, and so, as a result, they either ignore it or else demand harsh retaliation. In turn, the U.S. penal system punishes criminal symptoms rather than cures criminal causes. The product is more crime...