Word: coined
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Dates: during 1960-1969
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...bickered over conversions, and some stores, having advertised in the new dollars, switched back to sterling when business fell off. Commuters, confused by small-change transactions on buses, tossed their odd pennies out of the windows while crossing Sydney Harbor Bridge. Most of the country's 500,000 coin-handling and tabulating machines, from pay telephones to cash registers, still have to be changed, a move that will be made over the next two years with about $60.5 million in aid from the government...
...speedup in income tax payments, which obliges corporations to pay earlier in the year and raises the withholding rates for high-income individuals. This will add $3.6 billion to Government revenues for fiscal 1967, but absolutely nothing in future years. The budget also profited from the great coin shuffle, though the shuffle was not primarily intended to aid the budget. By putting less silver in its coins to alleviate the silver shortage, the Government expects to collect a windfall of $1.6 billion from seigniorage, which is the difference between the face value of coins and the cost of making them...
...Patrick's Day 40 years ago, Michael Joseph Quill, late of County Kerry and the Irish Republican Army, landed at Ellis Island. He had flipped a coin, it was said, to decide between New York and Melbourne, and New York won-in a manner of speaking...
...comment he made in 1960 when he was caught in a traffic jam at the Washington airport as Charles de Gaulle arrived: "It seems my fate is always to be getting in the way of national heroes." All memorable enough-and merchandisable enough. But even Stevenson didn't coin enough to fill a book...
Wants Helped. On the other side of the coin, some recently ailing West European economies are recuperating. France's growth rate, which last year was cut in half (to 2.5%) as a result of a credit clampdown that effectively stemmed inflation, is expected to snap back to 4.5% this year, as restrictions are eased. Investors were so cheered by the recent removal of Finance Minister Valery Giscard d'Estaing, architect of deflation, that they kicked the stock market's blue chips up 10% to 15% just after the change. "But," warns the Chase Manhattan Bank...