Word: germane
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Dates: during 1970-1979
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...speculators who had been dumping dollars in the conviction that Washington would do nothing much to stop the slide scrambled to buy back bucks. In chaotic trading on Wednesday, the dollar rose 5% against the Japanese yen, 7% against the West German mark and 7.5% against the Swiss franc. Gold, which speculators buy when the dollar is sick and sell when they think it may recover, fell a startling $23 an ounce by the end of the week...
...more bearish on the dollar than the Europeans." Moreover, the selling had spread from U.S.-based multinationals to ordinary companies in the American heartland. In most cases, however, the selling was self-protective rather than speculative in the true sense; if a manufacturer in Illinois bought steel from a German mill, it had a strong motive to sell dollars and buy marks immediately to settle the bill, rather than wait until the steel was delivered when buying the same number of marks might require more dollars...
...twelve trading days before last Wednesday. Gold shot up $17 an oz., to $243, in five days. The dollar sank and sank, in five days establishing four successive post-World War II lows against the Japanese yen. To Washington's alarm, the dollar fell not only against the strong German, Swiss and Japanese currencies but also against some of the world's weakest moneys?the Italian lira, the Spanish peseta, even the Canadian dollar, which earlier had fallen further and faster than its U.S. cousin...
...successful efforts at peace than it is - as it was with Von Ossietzky - for a valiant try. In their continuing maneuvers toward Middle Eastern peace, Sadat and Begin might well ponder the case histories of some of their fellow laureates: Aristide Briand and Gustav Stresemann, the French and German statesmen who won the 1926 prize for the ill-fated Locarno peace trea ties, in which Belgium, France and Germany agreed never to fight again; American Diplomat Frank Kellogg, who was the originator of the Utopian Kellogg-Briand Pact of 1928, in which 15 powers, including Germany and Japan, agreed...
...gifted German director Rainer Werner Fassbinder hired Playwright Tom Stoppard, author of that Nabokovian whimsy Rosencrantz and Guildenstern Are Dead, to adapt Despair for the screen. Except for one grave lapse, he has done so effectively and with suitable reverence, and Fassbinder has assembled a first-rate cast...