Word: schmidts
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Dates: during 1970-1979
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During a recent visit to Peking, Chancellor Helmut Schmidt went to see a model farm that raised poultry for the city's best restaurants. Surveying hundreds of quacking ducks, he murmured, "They remind me of my party congress...
...Schmidt was only half joking. Since becoming Chancellor 18 months ago, he has stood somewhat aloof from his Social Democratic Party, refusing to get involved in the endless theoretical debates on how democratic socialism should be built. Instead, the cool, pragmatic Chancellor has concentrated on managing West Germany's affairs of state. Although Schmidt has always been highly regarded by the voters (in one recent poll, 70% of the West Germans gave him a favorable rating), he has never been popular with his party's left wing, the Jusos (Young Socialists). Complicating matters, ex-Chancellor Willy Brandt...
Celebration. A musical by Tom Jones and Harvey Schmidt, authors of "The Fantasticks." Performed by the Huby's Pub Theater in an intimate cabaret-type setting, at the Ramada Inn, 1234 Soldier's Field Road, though December 2. Performances Saturday and Tuesday at 8:30 p.m., Sunday at 2:30 p.m. Tickets...
...even more important topic, U.S. officials are bracing themselves to resist some polite arm-twisting by the Europeans, who believe that a fast U.S. upturn would mightily help to lift other economies out of recession by increasing American demand for imports. Giscard, Schmidt and other leaders are particularly interested in persuading Ford to avoid any actions that might slow down the U.S. economy, such as letting New York City go bankrupt, cutting Government spending or allowing interest rates to rise. Their entreaties will get a sympathetic hearing from Ford, but nothing else. Administration policymakers assert that they cannot make critical...
...rate of inflation is now only 5.1%, a pace that would allow the Schmidt government to move to more stimulative policies. But so far Bonn has held back, contending that to follow a more vigorous course would only risk re-igniting German inflation without doing much to boost demand in the depressed economies of its chief trading partners -a rather Ford-like position. Though the government has made some stabs at stimulation with investment grants, tax cuts and a highway spending program, German businessmen continue to hold down capital spending. Jittery German consumers are also saving an inordinate amount...