Word: businessmen
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Dates: during 1950-1959
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Since British subjects will still be rigidly limited in the amount of sterling they can convert into hard currencies, the British action falls short of true convertibility. But henceforth, foreign businessmen will be able to change pounds freely into dollars (at an official rate ranging between $2.78 and $2.82). The result, so London hoped, would be to maintain the pound's position as Europe's leading medium of exchange-a vital matter to the British, who. with only 4% of the world's money, do 40% of the world's banking...
...tall tales and egged on by television, a new generation of gunslingers is springing up in the once wild West. These six-gun artists would not think of drilling the sheriff, robbing the morning stage or shooting up a saloon. The current crop of gun toters consists of butchers, businessmen and other working folk, intent only on competitive fun as they draw against one another in one of the reformed West's newest and fastest-growing sports...
Though no commercial oil has ever been found in Spain or Spanish possessions, geologists are almost unanimously optimistic. They think there is oil under the sands of the Spanish Sahara and Ifni (Spanish West Africa), and also in some areas of Spain itself. The bill also cheered U.S. businessmen, who hope that other foreign investments will be welcomed in Spain if drilling programs successfully bring in both dollars...
Towels for Businessmen. Despite the buying sprees and the costs of opening new routes. Northwest has managed to hold down expenses. When Nyrop took over in 1954, operating costs per ton-mile were 31.2?, among the highest in the industry. By 1958 the figure dipped to 25.1?, more than 12% below the industry's average. Nyrop, who pared the CAA budget by $15 million and whittled CAB's mail payments by $13 million a year, cut costs at Northwest by poking into every detail. He turned up behind ticket counters, spent off-hours flying Northwest...
...fancy with a host of new gimmicks that stress Northwest's "Orient" flavor. He put on Nisei and Chinese-American girls as stewardesses on domestic hops, decked first-class planes with flowers and gave passengers wintergreen-scented hot and cold towels (an old Oriental custom for soothing tired businessmen). Taken together, the changes did much to soothe Northwest Airlines...