Word: hotelling
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...import quotas as "ineffective and extremely expensive," President Reagan pledged in September to create a $300 million war chest to help U.S. companies finance exports. Treasury Secretary James Baker met with finance ministers and central bankers from Japan, Britain, France and West Germany at New York City's Plaza Hotel and agreed to help bring down the runaway dollar. Prodded by Government intervention in foreign-currency markets, the dollar by December had declined 18% from its peak in February...
...followed the hands-off policy advocated by Treasury Secretary Donald Regan, a fan of free-market solutions. But after White House Chief of Staff Baker swapped jobs with Regan in February, the Administration began taking a more active role. Less than a month after the Plaza Hotel meeting, Baker unveiled yet another ambitious blueprint for repairing the global economy, this time a plan to defuse the Third World debt bomb. Baker contended that previous stop-gap efforts to solve the problem relied too much on austerity measures that prevented developing countries from rebuilding their economies. Speaking to a conference...
...just another unemployed hound, "very obviously, of course, because dogs don't talk." To the regret of Jack Warner, who ran the studios (Brother Harry was president and Albert was treasurer), his other stars could talk and often did. When Davis objects to being cast in something called Hollywood Hotel (1937), her withering look can be seen between her lines to him: "I have worked very hard to become known as a dramatic actress," she wrote. "For you to want me to become a slapstick comedy actress ... I cannot understand." The part was recast...
...Special Forces. According to the Washington Post, military pilots posing as civilians have flown secret missions out of Honduras to pinpoint rebel radio transmitters in El Salvador, while other Special Forces agents have engaged in spookery normally associated with the FBI and CIA, like bugging Soviet officials in a hotel room on the West Coast...
Palm Springs itself, not to be left out, is planning a water-slide entertainment park and building a six-story Pierre Cardin hotel called Maxims. Next to it is a block- long string of fashion shops featuring Saks and I. Magnin. But the action now centers in what Palm Springs old-timers disparage as "down valley," where newcomers find no reason to leave their walled compounds and new shopping malls to drive into the "old town." Their lives revolve around the booming clubs. They spend their days on the fairways and their evenings at cocktail bashes, black-tie charity balls...