Word: wayes
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Dates: during 1970-1979
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...currencies, presumably West German marks, Swiss and French francs, and Japanese yen. In fact, there is not nearly enough of these currencies available to pay for the huge oil transactions, and European and Japanese governments would wind up unavoidably having to expand their money supplies in a most inflationary way to accommodate the deals. Fortunately, the Saudis and other oil producers plan to continue accepting dollars. To ban them would cause the U.S. currency to plunge and OPEC's dollar deposits to be washed...
...forbidding companies like Levi Strauss or Florsheim from setting minimum retail prices on their products, have benefited consumers. But the agency's excesses endanger its important consumer protection work. Says Republican David A. Clanton, one of the five FTC commissioners: "The trouble with the pendulum swinging the other way is that you knock out all the good stuff as well as chastising us where we need to be chastised." But when the final votes are taken on the various committee measures, Congress's antiregulatory mood is sure to result in a less powerful and less controversial...
...fail. Only if they are willing to take chances, he feels, will they produce ideas. "I cannot ever remember telling a manager, 'Now, you can't do this.' Instead, I might say, 'If I were doing it, I wouldn't do it your way. But I do not believe that there is just one right way to do something.' " There are times-not many-when a Gelco manager takes a risk and flops...
...completely loyal to the state. It is good that its priests go to a seminary where they see the relationship clearly-the archbishops on one wall and the Soviet leaders on the other. Without this training, priests might be uneducated village people, perhaps fanatics. It is better this way...
...lakes is the sharp reduction in the amount of phosphorus dumped into them. A 1972 U.S.-Canadian agreement lowered the levels of phosphates that municipalities were allowed to dump into the water, and most towns along the shores and on rivers emptying into the lakes are well on their way toward meeting those requirements. The significant exception is the city of Detroit; it continues to dump three times the permissible levels into the Detroit River, which flows into the western end of Lake Erie. One of the largest sources of the harmful phosphates was common laundry detergent, but the levels...