Word: schmidts
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...German Federal Republic promises to be the political and economic success of Western Europe in the 1970s. Led by its forceful and charismatic Chancellor, Helmut Schmidt, West Germany is the dominant economic power of Western Europe and is rapidly becoming one of the pivotal political forces of the European continent. Needless to say, the role is not a new one: a Germany that is no longer fearful, penitent, and psychologically crushed by the outrages of WW II is cause for concern to neighbors and adversaries. Some are disturbed by the resurgence of German political and economic power and wonder...
...than its European neighbors. Like the rest of the export-oriented European economies, it was hard-hit by the downturn in world trade and the quadrupling of oil prices in 1973. Nevertheless, while an 8.5 per cent rate of inflation and a 6.5 per cent rate of unemployment earned Schmidt sharp criticism from the right and the left, these figures were downright enviable compared to the double-digit inflation and widespread unemployment of other Western nations, including the United States. Replacing the disgraced Willy Brandt, Schmidt immediately clamped down on inflation: his monetary policies were so strict that the German...
German economists are happy to point out that moderate wage demands on the part of German labor unions paved the way for Schmidt's successful fiscal and monetary policies. Unlike British, French, or Italian labor unions, German labor unions practice a remarkable degree of cooperation with corporate management and do not regard government as an adversary...
...Though America's European allies grudgingly admire his shrewdness in ramming through the first devaluation of the dollar in 37 years, in order to start reversing the long string of U.S. payments deficits, they almost unanimously consider Connally to be devious, arrogant and abrasive. West German Chancellor Helmut Schmidt is furious with him. Many other leaders still bridle at a remark attributed to Connally in 1971: "What Europe needs is a good kick...
...last try, was high-flying Kathy McMillan, 18, of Raeford, N.C. Not since 1968 at Mexico City had the U.S. women won a silver or gold. Saturday afternoon the East German lightning was hurled by Ruth Fuchs, 29, who dramatically speared the hopes of U.S. Champion Kathy Schmidt with an Olympic-record javelin throw of 216 ft. 4 in. Schmidt's best, 209 ft. 10 in., came on her last chance, and won the bronze...