Word: schemed
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Dates: during 1970-1979
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First, they drafted a new monetary scheme to stabilize international exchange rates that would reconstruct the dismembered European "snake" (which once tied all Community currencies to a narrow range of fluctuation, only to be abandoned over the years by Britain, France and Italy), backed by a new, large reserve fund...
...proposals initially drew prickly opposition. At Dutch instigation, four small countries called a separate caucus to sulk over what they regarded as West German and French highhandedness. British Prime Minister James Callaghan, who is reluctant to inhibit the pound in any case, argued that the scheme could be construed by Washington as a move against the dollar. Schmidt proved to be one step ahead of his critics. In a series of telephone calls to Carter, he apparently succeeded in getting Washington's blessing for the monetary idea. Said a ranking German finance ministry official...
...violated the Title VII ban on discriminatory hiring. Not so, ruled the Third Circuit Court of Appeals in 1971, upholding the President's power to attack discrimination through use of preferential remedies. "Clearly the Philadelphia Plan is color-conscious," wrote Judge John Gibbons, but to strike the scheme down under Title VII the court "would have to attribute to Congress the intention to freeze the status quo and to fore close remedial action [to] overcome existing evils...
...Cairo would suggest that the West Bank be placed under Jordanian rule and Gaza under Egyptian control for five years. During that time, a final settlement for the two areas could be negotiated, along with security arrangements for Israel. Jerusalem has its reasons to be wary of such a scheme: it would require Israel to give up the occupied lands, its major bargaining chip in negotiations, even before talks turn to the crucial issue of the future status of the territory concerned. But respect for diplomatic niceties should have persuaded the Israelis to delay their dismissal of the plan until...
Despite Israel's pre-emptive rejection, Egypt still intends to formally submit its West Bank and Gaza scheme to the U.S. later this month. With both Egyptian and Israeli plans then on the bargaining table (Jerusalem submitted a 26-point proposal last December), the Carter Administration hopes that a quickened tempo of negotiations might narrow the differences between the two sides. This was a theme stressed by Vice President Walter Mondale, who arrived in Israel last week on a four-day good-will visit in honor of the country's 30th anniversary. While publicly stressing the "solid...