Word: yen
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...small-caliber slugs at minor targets, such as the lack of charisma he and Bradley share. "The fact of the matter is that I've been coming on charismatic the last month or two," said Dukakis. "I've learned everything I know from Bill Bradley." Bruce Babbitt demonstrated his yen for subtle complexity by playing off Jimmy Carter, with whom he is sometimes compared, and Gephardt, whom he must beat in Iowa. Like Carter, he deadpanned, he discusses issues with his children. Babbitt quoted his nine-year-old son as saying, "Dad, you've really got to do something about...
Witness this issue's special People coverage of the charity knockout joust held by Britain's royal family, in which the Windsor children displayed a decidedly unstately yen for slapstick. As is often the case, eye-catching photography was crucial to the choice of the subject. "The strength of a picture will often make or break an item," says Picture Researcher MaryAnne Golon. "We want the usual suspects doing unusual things...
...than five years. But the Dow bounced back by 42.47 the next day and closed on Friday at 2326.15, up 34.58 points for the week, while bond prices also recovered much of their loss. In Tokyo the U.S. dollar, which has lost about 30% of its value against the yen in the past 18 months, tumbled quickly from 145 to the dollar to 142.5 before rebounding to finish the week at 143.6. In Paris, the dollar dropped nearly 2% against the French franc in a matter of hours, but later gained back half of its lost value...
...other currencies through tighter coordination of economic policies (see box). The agreement was easy to reach, but the goal proved difficult to accomplish: despite a spate of follow-up meetings among economic leaders, market forces sent the dollar on a roller-coaster plunge in relation to the Japanese yen and the West German mark...
...Even so, financial markets turned optimistic last week as the summit meeting neared. On Wall Street, the Dow Jones average of 30 industrial stocks rose 48.37 points over the previous week, closing at | 2291.57. The U.S. dollar staged its strongest rally of the year, rising about 2% against the yen and the deutsche mark in two days. Experts wondered, however, whether the financial markets could continue to pay such handsome returns in the face of dismal economic growth. Warned a French senior economic official: "This is simply not sustainable. Something will have to give...