Word: snakes
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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...
...plan is designed to shelter Community countries against fluctuations of the dollar, as well as other currencies, and thus also help stabilize the dollar itself. Schmidt's proposal features two devices: 1) a so-called boa of currencies, which would have more leeway than the old snake to let weaker currencies, such as Britain's pound and Italy's lira, initially move up and down within a broader margin than the stronger currencies; and 2) a kind of "mini-IMF" of pooled reserves from which the members could automatically draw funds to support their currencies and deter...
...thought Steinbeck's The Grapes of Wrath was "full of pink hooey" and found no more sense in Faulkner than in "the wop boob, Dante." He never understood the scars of the Depression and compared the New Deal efforts of Franklin D. Roosevelt to those of "a snake-oil vendor at a village carnival...
Cecil Andrus, who was twice elected Governor of Idaho before moving to Washington to become Secretary of the Interior last year. He revisited them last week, floating down the Snake in an inflatable rubber "snout boat" and heading to shore frequently to stop and survey the vistas. "I've been watching that old bird for years," said Andrus as he removed his battered stetson and stooped to peer through a telescope at a golden eagle perched like a gargoyle on a precipice. The eagle was not the only acquaintance Andrus renewed on the trip, which was organized...
...also believes that something must be saved for the future, a view that is supported by the White House. As the Snake River excursion ended, Andrus expressed his guiding philosophy. "I simply do not believe," said he, "that this generation should decide now, and for all time, how to dispose of the country's natural resources. We must leave something for the future...