Word: touring
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Dates: during 1970-1979
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...timing was unusual: major shifts in U.S. financial policy are not normally put into effect while the President is jetting around the world on a goodwill tour. But action to prop the falling dollar could not wait. When currency markets around the world reopened last week after the New Year holiday...
...dipping into official reserves. Blumenthal discussed the plan several times with outgoing Federal Reserve Chairman Arthur Burns, a longtime worrier about the dollar, while both were vacationing in Florida between Christmas and New Year's, and got Carter's approval before the President left on his sevennation tour; only the timing was left undecided...
...Chairman's private dining room and agreed on a joint 1:15 p.m. announcement that the U.S. was going into the markets. Blumenthal immediately communicated the decision to Carter. The President had been getting an earful about the dollar on his tour from King Khalid of Saudi Arabia and the Shah of Iran...
...nights later in Atlanta, Lead Singer Johnny Rotten opened the first concert on their first tour of the U.S. by announcing: "You can all stop staring at us and just relax and have some fun." Sure enough, the Pistols' American debut was a tame, almost respectable happening. Johnny did not throw empty beer bottles at the audience. All he did was blow his nose a lot. Guitarist Steve Jones did not vomit, though in the past he has proved he has the stomach for it. Nor did Bassist Sid Vicious sputter forth more than a few four-letter words...
...Tour openings any place, let alone in a foreign country, are tough moments for even the mightiest of rock groups. The Atlanta crowd was not knocked breathless by the Pistols, but they obviously had some of the fun Rotten urged upon them. It was not a typical punk assemblage of street-wise rowdies, although one fellow showed up with a safety pin punched through his cheek. The kids pelted the performers with a friendly barrage of crumpled paper cups and, as the Pistols' big beat went on, twisted and swayed on their feet. They had no choice: the place...