Word: yens
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...front has been a growing source for grumbling. Last week disagreement with the Administration's foreign economic policy flared again in the wake of two developments: the plunge in the dollar's value to new lows against the West German mark, the Swiss franc and the Japanese yen hi international money markets, and the Government's report of a record monthly foreign trade deficit of $2.82 billion for June. For the first six months of the year, imports outpaced exports by $12.6 billion, and official estimates are that the deficit for all of 1977 could reach...
Blumenthal has added to the case of nerves in the currency markets by letting it be known that the Treasury would not be disturbed if the dollar dropped even further. Last week the dollar hit record lows of 2.2463 West German marks and 264.475 Japanese yen. The effect has been to run up the value of these currencies, thus making imports cheaper hi West Germany and Japan-which has been Blumenthal's goal all along. Says a Treasury spqkes-man: "Let's just say that while we haven't been pushing the dollar down, its drop...
...Nationalist China, the defection to Taiwan last week of Communist Squadron Commander Fan Yuan-yen in his MiG-19 was the best piece of news since the death of Mao Tse-tung nearly a year ago. Radio stations played stirring martial music between special news flashes, and people set off firecrackers in the streets in celebration...
Have you ever had a yen for the courtly traditions of elegance in love, etiquette and music? If so the Collegium Iosquinium may have just the thing to soothe your pageant-starved soul. Directed by Harvard lecturer Arthur Loeb, the group will present songs and dances from the Burgundian and French courts of the fifteenth and sixteenth centuries in the suitably formal surroundings of the Fogg Art Museum's courtyard. The performance is one of a series of Sunday Afternoon Concerts sponsored by the museum and is free and open to the public...
...gulps with unseemly haste, since she harbors a yen for Wally, but insists that Wally's wife Monica (Joanna Gleason) share in the swap frolic. Christmas Eve dinner at Wally's house is the appointed double-bed date. But the catch is that Monica has not been told, and she raises demihell. Gleason, a fumingly sexy comedienne, hurls the dinner plates to the table like Frisbees and shot-puts the turkey. Then, like the perfect suburban hostess, she climbs into bed with the others, where monogamous love conquers...