Word: rying
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Foremost among the issues was the proposed European monetary system, which came under the scrutiny of the Community's Finance Ministers in Brussels last week. Devised by West German Chancellor Helmut Schmidt and French President Valéry Giscard d'Estaing to insulate Europe from fluctuations of the dollar, the plan had won approval in principle at a Common Market summit in Bremen last month, and had been presented to President Carter and other leaders of the industrial West at the subsequent Bonn summit. British Prime Minister James Callaghan, however, remained cool toward the idea. In the first place, the British?...
...Britain's James Callaghan, who faces elections in the fall, was the most cautious. He pledged only to continue his present policy of expanding output by a modest 1 % while keeping up the fight against inflation, now down to 7.4% from 27% four years ago. President Valéry Giscard d'Estaing promised to pep up the French economy a bit by more government spending, doubling the nation's deficit to $4.4 billion this year...
Schmidt is likely to be an equally loquacious host in Bonn. Strengthened by the results of last March's parliamentary elections, French President Valéry Giscard d'Estaing also has been exercising more clout. The team of Schmidt and Giscard, in fact, has raised worries among the others about an emerging "EC directorate" composed of the Community's two most powerful members...
...spokesman for President Valéry Giscard d'Estaing called the bombing "a deplorable injury to an essential part of the French heritage." Indeed, the chateau that was once the residence of the Bourbon kings is now one of France's major tourist attractions. Ten galleries displaying some of the country's greatest art treasures were damaged. A huge hole gaped in the floor of a hall devoted to art of the Napoleonic era. Chandeliers lay in a carpet of crystal shards. Rare Louis-Philippe furniture and exquisite ornamental paneling were reduced to matchsticks. Busts...
...should be no surprise that Ry Cooder has come out with one of the year's best records. His easygoing but absolute guitar virtuosity, his witty, always respectful musical curiosity, has established him as a maverick who has set up shop somewhere along the border of pop and folk. No mainstreams for Cooder. He is forever taking off on side trips, turning down dusty country paths to retrieve some old bit of blues or roadhouse folk, sailing off to Hawaii and plucking some sweet melody straight out of the shade...