Word: yen
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Dates: during 1980-1989
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When American businessmen complain about unfair Japanese competition, high on their gripe list is the value of the yen. Many executives contend that restrictions in the Japanese financial system have kept the yen artificially cheap compared with the dollar, and thus have made it easier for Japanese manufacturers to keep prices low when selling their products abroad. In a speech in Detroit earlier this month, Chrysler Chairman Lee Iacocca declaimed, "The Japanese yen is undervalued by at least 15%, and everyone in Washington agrees on that...
Heedful of these complaints, the Reagan Administration has been trying to coax the Japanese into allowing the yen to rise in value. The task has not been easy. As one American economist points out, the Japanese Finance Ministry "likes to study every issue for a decade or so." But now, after a series of meetings in Washington, Tokyo, Hawaii and Rome, a deal appears to have been struck. It is expected to be announced this week...
That applies to the students as well. Lisa Yen, 19, a senior in Indianapolis last year, had her choice of Yale, Princeton, Indiana University and DePauw. Says she: "I really wanted to go to Yale, but DePauw gave me a big scholarship to enter their management fellows program." The program, which combines liberal arts with a semester-long paid internship at a FORTUNE 500 company, is one reason that DePauw's applications have gone up 30% in the past six years. At Tufts University, Admissions Dean Michael Behnke occasionally gets a call from a prospective student confessing that another...
...warring substances which subtly oppose the advance of the 'essences' and the 'principles' towards the field of depth. These two substances are water and grease...every campaign of beauty products therefore prepares a miraculous conjunction of these enemy liquids...decay is expelled...France is having a great yen for cleanliness...
...mesmerized by Mondale? No yen for Glenn? No heart for Hart? New Hampshire voters will still have plenty of options at the polls next week. A record 22 candidates have paid a $1,000 filing fee to be on the state's Democratic ballot...