Word: rying
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Dates: during 1970-1979
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...European ministers minced no words in blaming the U.S. for their di lemma. Said French Finance Minister Valéry Giscard d'Estaing: "Europe is having to pay for the U.S. policy of growth and full employment." Schiller was even more direct: "The U.S. deficit of payments can no longer be tolerated with benign neglect...
There are lots of other musicians who have been almost as neglected as those above and deserve much more attention than they have received: the Jerry Hahn Brotherhood, Ry Cooder, Redbone, and Tony Joe White, not to mention people like Bukka White, the Five Royales, and the Detroit Emeralds, who are obscure only because they are black. None of these people is likely to start anybody's revolution, but they sure are nice to listen to while you wait for capitalism to come crumbling down around your ears...
...France was beset by inflation; it arose from the student-worker riots of 1968, after which a 15% wage increase was necessary to restore tranquillity. The danger of a runaway price-wage spiral and loss of confidence in the economy seemed so acute that Finance Minister Valéry Giscard d'Estaing brought out every modern anti-inflationary weapon: a devaluation of the franc, tight credit controls, the highest interest rates in Europe, a temporary price freeze and a strict limit on wage increases...
...dollar supremacy may well be coming to an end. Behind closed doors, financiers are trying to figure out ways to reduce the power of the dollar. At last month's International Monetary Fund meeting, French Finance Minister Valéry Giscard d'Estaing caustically compared the world's reliance on the inflation-eroded dollar to the act of setting a watch "by a clock that is out of order." Last week a committee headed by Luxembourg's Prime Minister, Pierre Werner, handed in a report suggesting how the Common Market countries can create a new "Eurocurrency...
...enjoying life, the same lack of moral principles and ideologies, and the same complacency. Today we are finished with the Christian myth and await a new one. There is analogy in Satyr-icon." But history, unlike jurisprudence, is not always based on precedent. It is, in Valéry's term, "the science of what never happens twice...