Word: germanized
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Dates: during 1960-1969
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...BATTLE of the Bulge, according to Webster's New World Dictionary, was "the last major German counteroffensive of World War II, an unsuccessful attempt..." The Battle of the Bulging Budget, currently being fought in New York City, will most likely be analogously defined: "the last major Lindsay counteroffensive of the Urban Fiscal Crisis, an unsuccessful attempt...
...steal a scene from either Bombolini would amount to grand larceny, and the supporting players are all petty. Virna Lisi, as an icy aristocrat, is confined to reaction shots opposite her two admirers: Hardy Kruger, a profile of German authority, and Sergio Franchi, a profile, period. The show's force does not reassert itself until the appearance of the extras, a cluster of paesani recruited from an Italian village 36 miles south of Rome. They provide a chorus con brio, and give the film verisimilitude no casting office could provide. "The Italian race," wrote Mussolini, "is a race...
...market forces in the four weeks since the mark was cut loose from its old peg. Schiller called the new rate "the golden mean-courageous but not foolhardy." It was clearly a compromise. Schiller wanted a change large enough to anticipate a continuing higher inflation rate outside Germany, but German industrialists argued for a lower figure. By making German exports more expensive and foreign countries' exports more competitive, the change should reduce Germany's huge export surplus. That will help currencies like the French franc and the British pound, as well as the dollar. In London a Treasury...
Until recently, European monetary markets were constantly unsettled by the 15% to 20% gap between the French franc, which had been overvalued, and the mark, which had been undervalued. Taking into consideration the removal of the year-old 4% "quasi-revaluation" tax on German exports, Germany's actions last week, combined with France's devaluation in August, closed this gap and added a new stability to the world of money. England's Financial Times commented: "There is a better chance now than for many months past that the exchange markets will settle down to a quieter...
Charles DeGaulle once said of the sudden German invasion and conquest of France in the terrible days of May, 1940, "It was a bolt of lightning that lit up the darkened sky and revealed the Third Republic in all its ghastly infirmity." Perhaps bursting bombs and burning huts have done the same for the American Republic...