Word: account
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Dates: during 1950-1959
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...normally TIME International subscription orders, paid for in local currencies, are cleared through branches of world banks, such as New York's National City, Holland's Amster-damsche Bank, Italy's Banca Commerciale. There the money is converted and credited to TIME'S U.S. dollar account. "It's all pretty routine," says Ryus, "except when we get a barrelful of 'pazooties.' " "Pazooties" are what the International staffers call any currency that fluctuates wildly in value or that cannot be converted into dollars. "In the first years after World War II, foreign currencies usually...
...probably be written in September, when the directors of the International Monetary Fund meet in Washington. It is almost certain that it will begin in a limited form. Only the wildest economic dreamers advocate full, worldwide convertibility in the near future. Britain wants first to make her nonresident, current-account sterling fully changeable into any currency. This simply means that a non-sterling country, such as France, that earned money in Britain on current sales could take its profit in dollars if it wished. The ?280 million in sterling balances piled up in past transactions and frozen in dozens...
...account was an article in The Nation of January 30, 1954, entitled "G-Men on the Berkeley Campus." This article reviewed the situation, discounted the protestations from University officials, and concluded that both the legislature and the colleges were trying to appease the McCarthyites...
When Haile Selassie finally arrived at the University, met President Pusey, and signed the official Guest Book, he did not actually meet Mrs. Belcher. But she was standing nearby, and it was on account of her careful planning that the Emperor's visit ran as smoothly...
...Reason Why, by Cecil Woodham-Smith. Best and most fascinating account to date of the most glorious snafu in military history: the charge of the Light Brigade at Balaclava (TIME...