Word: westernism
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Dates: during 1970-1979
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There is an ever present belief in the Western world that Islam is contrary to modernization and progress. The current development and modernization in many oil-rich Islamic nations prove that progress and Islam can go together. If you call legalization of gambling, striptease, pornography and homosexual rights social reforms and modernization, I would say no to such progress...
...treasurers and speculators suddenly wanted to sell dollars, causing a mindless two-day dollar run. Washington policymakers are still frightened by the episode because they have no idea why it started. While not predicting The Crash of 79, the dramatic title of a novel that foretold the collapse of Western civilization after a dollar disaster, Henry Kaufman, a partner in Wall Street's Salomon Bros., warns that the attack on the dollar "has placed the entire international monetary system in jeopardy...
...product that may (or may not) bring a profit in three or four years, they are gambling in the currency markets in hopes of making an overnight gain on a falling dollar or rising yen. That is one reason why business investment and economic growth in most Western industrial countries are running at only half the level of the 1960s...
...problems left him with no real sense of victory. "It's a hard job," he said, "and I have no illusions whatsoever." Aloof, autocratic and given to occasional outbursts of temper, Botha is essentially a party man, who rose through the ranks as leader of the relatively small western Cape, still the historically sacred region of Afrikaner origins. He is not the patient negotiator that Vorster was. But he has proved to be a shrewd organizer. After becoming Defense Minister in 1966, he characteristically turned the ministry into a personal fief. At the same time he systematically built...
BEIRUT, Lebanon--Israeli gunboats shelled the western sector of Beirut last night in what experts viewed as a warning to Syrian peacekeeping troops to stop attacking Christian parts of the city...