Word: retreatâ
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Nowhere has the dollar faded so badly as in Japan, where it has shrunk by 40% in a year. Confronted with a $2.50 can of beer, a $5 breakfast or a $30 minute-steak lunch, Americans beat a hasty retreat???"chuckling in amazement," says a shopkeeper on Tokyo's Ginza. Says a veteran tourist who is staying at Tokyo's Imperial Hotel, where the cheapest room for two is $80 a night: "It's just plain scandalous. I never thought I'd see the day when the greenback would turn into Mickey Mouse money. It really hurts my pride...
Even when the crisis abated, leaving Hussein still in power and the Syrians in retreat???just as Washington wanted it?there was a bitter aftertaste, a feeling that the U.S. was being pressured in a manner that required new toughness on its part. Nixon was able to leave for his trip to the Mediterranean and Europe as scheduled, but the journey took on fresh and weightier significance. Although concern about Soviet activities in the Middle East was genuine enough, the original decision to take the trip had contained elements of routine flag showing and pre-election headline grabbing...
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