Word: weaknessness
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The second problem-the one that caused last week's tremors-is the main, and perhaps mortal weakness of the monetary system. While nations that belong to the IMF are obliged to try to keep their currency-exchange rates steady, there is no stipulation that they keep their international...
As inexorably as surf beating upon sand, prolonged payments deficits erode confidence in the value of currencies. France's current difficulties spring from soaring wage rates, the price of quelling last June's student-worker uprising. Whatever their specific cause, enduring payments deficits expose a weakness that political...
Do It in Dollars. For its part, British Petroleum has been looking for more than a decade for just such a U.S. opportunity. It operates in 70 countries, has access to 20% of the world's known reserves, and ranks third on FORTUNE'S list of the 200...
Goodwin is not a candidate for a second reason: he is not a handsome man. He has all the sophistication of the Kennedy-style politicians, but with a pock-marked face, heavy eyebrows, and hair brushed flat against his head, he has none of their beauty. His weakness as a...
PENN, 30-13: Hill gained 126 yards rushing and was Ivy Back-of-the-week. Dowling also ran and tossed for 180 yards, including two passes for scores. The defense did a good job stopping long gains, but still showed signs of weakness.