Word: swap
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Dates: during 1970-1979
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...tired U.S. position that the dollar's weakness is Europe's problem, not America's. At midweek the Federal Reserve agreed with foreign central bankers to increase by 50% (to $18 billion) the amount of foreign currency that the U.S. can borrow under a longstanding "swap" arrangement for use in buying up surplus dollars abroad. Finally, West German financial officials reported that there had been some limited official dollar buying-perhaps $100 million of it-by the U.S. and European governments. Result: the dollar rose in foreign money markets for three straight days before leveling...
...Swap technology on transportation. Some obvious topics: Soviet experience in cold-weather railroad operation and new underground mass transit systems; U.S. expertise in highway engineering and cargo containerization...
...relaxed, informal yacht trips, says Abplanalp, the men rarely talk politics, but the cruises offer Nixon a chance to swap fishing and sports stories with his friends. Since Nixon took office, Abplanalp's two-story, eight-bed room house on Grand Cay has been refurbished and enlarged. The President uses the master suite while there and often works during the early morning hours in the attached private study. Besides fishing, Nixon rides around the 125-acre island on a golf cart, and swims in the shark-filled waters-always, of course, under close watch by Secret Service agents...
...memorable. Apart from their notable acting strengths, the sheer likability of Michele Lee and Ken Howard is infectious. She is a warm, supple sprig of femininity; he is a tongue-tied Adam trying to invent a word for love. A playgoer ends up half wishing that the pair could swap their teeter-totter affair for the merry-go-round of marriage. · T.E. Kalem
...possible solution to the dilemma would be an international fund to enable each country to protect its treasures, and then a systematic, international sharing-on a long-loan basis -or swapping, so each country could broaden its collections. Italy, for example, could swap a vase for a French impressionist painting. Failing that, museums must become more scrupulous. A group of museums in the U.S. has already taken the first significant step. In recent years policy statements have been issued by the Field Museum, the University Museum in Carbondale, Ill., the University Museum in Pennsylvania and all the collections of Harvard...