Word: convertibility
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Dates: during 1960-1969
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...British, using dollars, to repay what they have drawn from Continental banks. Thus it also raised the possibility that some of those dollars would be cashed in for gold. The U.S. Treasury last week noted that France, with gold purchases of $221 million, was the only nation to convert dollars into gold "significantly" during the second quarter of 1966. To allow the U.S. to continue as savior of the pound and at the same time to protect the U.S. from gold losses, the Europe-Canada-Japan group upped its pledge to the U.S. from $2 billion to $3 billion...
...Alvin W. Gouldner, 46, professor of sociology at St. Louis' Washington University, who was anxious to convey the findings of the social sciences to a wider public. Financed by the university, the magazine, which sells for 75?, has reached a circulation of 21,000; in November, it will convert from a bimonthly to a monthly...
...fish. It simply records his interviews with witnesses at Exeter, N.H., after a glowing red object appeared over Route 150 at 2:24 a.m. on Sept. 3, 1965. Subsequently, Fuller himself saw such a UFO outside the town, and his report is that of a believer, or rather a convert. He writes in documentary style, following the grammar and non sequiturs of his tape recorder, and his work has the police-blotter awkwardness of one who wishes to convince by sincerity rather than to persuade by fine writing...
Style Without Spark. The Reids could not bankroll the losses indefinite ly, and in 1957 they asked Millionaire Diplomat-Sportsman John Hay Whitney for a loan. Anxious to support Republicanism's leading moderate voice, Whitney chipped in $1,200,000, took a stock option, finally decided to convert the loan to a controlling interest and see what he and his Wall Street troops could do. Naturally, they began with an economy drive; another layer of the Trib's staff was peeled off. Whitney did bring back Coach Woodward, but for editor he chose a small-town boy from...
...Plans to Convert. The upshot of all the continuing modifications is a big jump in costs. According to the Pentagon, overall F-111 development costs have already increased from $571 million to $1.5 billion. Instead of the $2,900,000 that each plane was supposed to cost when the contract was awarded, the price tag is now expected to be $5,000,000 for every F-111A, $8,000,000 for every F-111B. But the Defense Department continues to insist that the F-111 is a cost-cutting undertaking, partly because the Pentagon plans to convert it into...