Word: wider
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Dates: during 1970-1979
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...Greater flexibility of exchange rates. At present, every IMF nation is supposed to keep the price of its currency from varying more than 1% above or below the official rate. Each government is obliged to buy or sell enough of its own money to prevent any wider swings. At a minimum, the "band" of fluctuation should be widened to 2½% or 3% either way. That would give the money markets greater leeway to adjust currency values so that they could more accurately reflect changes in the world economy without precipitating a devaluation or revaluation crisis. Many economists also...
...will Japan's threatened partnership with the U.S. also survive? There is a communications gap between the two nations that is wide and getting progressively wider. Americans are more to blame for this than Japanese, according to Frank Gibney, Tokyo-based executive vice president of Encyclopaedia Britannica. In the October issue of Foreign Affairs, Gibney regrets that "behind the textiles and transistors, the American, so relatively sophisticated about the changing situations of Britons, Italians or Russians, sees in the Japanese the same 25-year-old image which American soldiers originally brought back from the occupation days: smiling, polite little people...
...pretentious but compelling and revelatory to write of age-old plots being played out in the 20th century but "Somewhere between Mamme and Tatte's world on earth and God in Heaven there was an island of demigods not ruled by human laws. Here the range of imagination was wider, feelings more passionate and ruthless....Every myth I came to know, I believed in, and lived through, giving it new twists...
Unquestionably, decent Americans have reason to complain about the persistence of a double standard of justice for blacks and whites, rich and poor, which reflects the wider pattern of discrimination throughout the nation. But that does not legitimize a rhetoric that equates violence with politics, rape with revolution. The gradual, painful struggle of the U.S. to make equality a fact instead of a broken promise lacks the seductive appeal of revolutionary apocalypse. But for the majority of Americans, regardless of race, it nonetheless remains the only way to conquer hypocrisy. It may also be the only way to prevent...
...Wider Bands. To stem the dollar inflows, Switzerland's central bank ordered an emergency ten-day delay in the delivery of francs purchased with dollars. The hope is that speculators will be unwilling to tie up their money for that long. French and Belgian central bankers have recently ordered commercial members to turn down foreign deposits that appeared to be speculative -a job requiring detective work that is much easier to perform in the clubby world of European bankers than it would be in the U.S. The move could lead to a much wider "two-tier" exchange system, with...