Word: uncertainity
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Dates: during 1970-1979
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...Tokyo, increase the danger of protectionist trade wars as everyone runs to shield his market against low-priced U.S. competition. The Tokyo Round of trade talks, which has been dragging on for four years, is in danger largely because of the dollar. Finally, global inflation is being fired anew. Uncertain what the value of a product will be even a few weeks from now, both exporters and importers raise prices a little more to ensure against a possible loss from a currency change...
...inflation, low growth and severe balance of trade problems have left leaders in the chancelleries and the counting houses doubting the present and fearing the future. But nothing has been worse in a period of crumbling foundations than the decline of the dollar, which is the talisman of an uncertain world. A first move toward a more secure economic future would be to re-establish the stability of the dollar inside a more managed and predictable international money system...
...West had embarked on a campaign to exploit Namibia's uranium resources, which represent an estimated five per cent of the total world supply. Overall, the rate of exploitation of Namibia's mineral wealth has accelerated in recent years, leading many Namibian nationalists to charge that the multinationals, uncertain of what the political future holds for them, are mortgaging the economic stability of a free Namibia by attempting to exhaust reserves and run their mining equipment into the ground...
Speaking in uncertain English, she portrayed Oswald as a moody, volatile man. Oswald, she said, had few friends and was never visited by strangers or even in touch with anyone who could be suspected of being a fellow conspirator. "He liked to be alone by himself," she said...
...most arcane of arts. Brookings Economist Joseph Pechman, a liberal, points out that one goal of economic policy should be to increase productivity. But, he insists, it is impossible to know what kind of tax changes, if any, would do that, be cause economists are most uncertain what is causing the current slowdown in productivity. His view was disputed by several other speakers, but Pechman has a point: Congress is unlikely to find the best mix of policies to spur investment on its first try this year, and a long period of tinkering probably lies ahead...