Word: bank
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Dates: during 1950-1959
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...falls on unhearing ears in a prosperous-looking France, where cars and motorscooters jam the streets and highways, and tables groan under good food and drink. Yet for all the look of health, the French treasury is empty. Last week the government borrowed another 80 billion francs from the Bank of France to meet the weekly payroll. The country's foreign-trade balance was unfavorable by 221 billion francs during the first four months of 1957. A billion dollars earned by French exports in better days has been dissipated during the past 18 months. A quarter-billion dollars went...
Morocco: Better. The situation in Morocco, which once threatened to be as bad (bank deposits were down 37% by the end of the first nine months of independence, an estimated 50,000 French have gone back to France), may be recoverable as a result of a Cultural Convention signed last week between France and Morocco. One of the great fears exercising French settlers in North Africa is that the status of the schools in the independent states will not be recognized in France, thus depriving their children of the right to enter French universities or the French civil service...
...covered by long-term soft loans. He estimated that some $100 million of such losses should be added to the outright subsidy in this year's export program, which he figured out at $536 million. On top of $636 million, he added $150 million in cotton soil-bank payments this year, $80 million in general Agriculture Department expenses for cotton, and $290 million in artificially inflated raw-material costs for American cotton-goods manufacturers...
...model made of cloves; the waitresses wear 18th century costumes. One of the handsomest company rooms is at General Motors' new Technical Center near Detroit, where 4,500 employees eat in an air-conditioned glass and stainless-steel world designed by Architect Eero Saarinen. San Francisco's Bank of America and Western Electric Co.'s Cleveland plant have lounges with TV or hi-fi sets and card tables for after-lunch relaxation; St. Louis' McDonnell Aircraft even imports baseball players, singers and theater stars to entertain...
Another pleasant thing in the book is the recorded conversation of Miller's children ("You were a thief, weren't you, Dad?" "Well, yes and no. I was a horse thief"). And it should be recorded that the old scourge of the Left Bank weeps when he misses his children and hides marbles lest they swallow them...