Word: sorting
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Dates: during 1970-1979
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...very protracted. I left at the time for Algiers to attend the Arab Summit Conference, and when I came back, the negotiations still hadn't got anywhere. I asked [Chief of Staff Mohammed Abdel] Gamassy to suspend them. "I am not prepared," I said, "to engage in this sort of haggling and bickering...
...created an international crisis, when you asked the two superpowers to come in and get the forces back to the cease-fire lines of Oct. 22, otherwise, you threatened, you'd do it yourself provided the Pentagon didn't stand against you-do you know what sort of plan the Pentagon laid down at the time? We planned to land in your country, in Sinai, if the Russians landed west of the Canal, to finish you off. Our aim was to show you that the Russians were unreliable, and so we'd have dealt you a blow...
...exchange markets. Two formal dollar devaluations followed, and eventually, five years ago this month, fixed exchange rates were dumped. Throughout this process, the U.S. seemed complacent, even proud. John Connally, who was Treasury Secretary when the gold window slammed shut, boasted that he had acquired a reputation as "a sort of bullyboy on the manicured playing fields of international finance." Nixon's own attitude was immortalized by a casual comment on a Watergate tape: "I don't give a shit about the [Italian] lira...
...Washington's efforts to get Bonn to change its mind and begin sharing some of the burdens of growth have been rendered counterproductive by the way the Carter Administration has wielded the dollar as if it were some sort of international shillelagh. That attitude has merely aroused suspicions in Bonn that Washington is once again trying to push its own inflation off on its friends. Says William Pfaff, associate director of the Hudson Institute Europe consulting firm in Paris: "There is a feeling in Europe that Washington is interested in Europe when it wants something from Europe, and that...
...barnstorming buyers ran into two trade barriers of another sort: culture shokku and a lack of aggressive salesmanship by some of the Americans they met. In Atlanta, Keigo Yamada, executive managing director of Ito-Yokado, a chain of discount department stores with an annual sales volume of $1.3 billion, shied away from a meal of grits and complained that he was meeting the wrong people. Yamada wanted American sportswear modified to suit Japanese tastes and sizes but, he says, was told "that they would have to ask their supervisors in New York." A Mitsubishi buyer offered Jose Lopez...