Word: coins
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Gold is no longer the coin of any realm, but it remains the one truly international money. It is the solid underpinning of central banks and national treasuries, the most favored way of paying debts among nations. Though no longer the real measure of a nation's wealth, it can set heads to shaking by its movements, as they shook again last week when the U.S. announced a $70 million gold outflow in June (double the loss in May). Despite all this interest, no one knows exactly how much gold the world has. In a new report, Barclays Bank...
American firms have also profited from Europe's increasing fascination with self-service machines. Vendo Co. of Kansas City exports automatic dispensers for German beer and wine; Westinghouse and Whirlpool both are selling coin-operated laundry and dry-cleaning equipment; and a small Greenville, S.C., firm called Barbecue King expects to double European sales of restaurant barbecue equipment this year to $600,000. "This is the time to go in there," says Barbecue King President Robert Wilson. "They really want to buy American goods...
...Today in our beloved country we have an Administration which seems eager to deal with Communism in every coin known-from gold to wheat; from consulates to confidence, and even human freedom itself...
...small-loan company, Canada's Delta Acceptance Corp., for $48 million in stock. The swap is anything but penny ante for Avco, which has been shopping for growth companies in the civilian market to expand its own $514 million volume in missile parts and motors, corn pickers and coin laundries. Delta last year handled $242 million worth of appliance paper and personal loans; it would now be able to use Avco's good connections to raise more capital. "Dick" Wilson runs Avco with easy informality, says, "We try to operate with a minimum of fuss and paper...
...whole project will soon be back on McNamara's desk for a decision on whether to proceed. Already he has questioned whether COIN'S cost is justified by its advantages over the modified Navy Skyraider propeller planes now being assigned to Viet Nam. He also must consider whether there will be a need for COIN-type aircraft five years from now. On the other hand, there is a rising clamor in the Congress for new and decisive action against the Viet Cong. Thus, while COIN at the moment is a hot topic mainly in the aircraft industry...