Word: dipped
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...central bank-but Posthuma proposes a 60-40 ratio in favor of gold. Either proposal would prevent countries from accumulating big, inflationary piles of dollars, would also head off crises by forcing all countries to cure their deficits before they grew dangerously large. Reason: countries would have to dip into their limited stocks of gold to pay off most of their debts, and they simply could not afford to run big deficits...
...Herman W. Lay began thinking. Not about downing a soft drink but about acceding to a hard-to-resist proposal from Pepsi (estimated 1964 sales: $240 million) to merge with his Frito-Lay, Inc., which last year sold $184 million worth of such snacks as corn and potato chips, dip mixes, candied popcorn, pretzels and related products. At 55, Lay isn't so old. But Pepsi President Donald M. Kendall is only 43, and he is surrounded by a youthfully energetic executive team. "I like those fellas," said Lay. "I need the association of younger people...
...Million Frenchmen Wronged. The most recent danger signal was a sharp January dip in automobile production, down 26% from a year ago. Textile production has fallen 10%, forcing many small firms into merger or bankruptcy. There have been other serious declines, ranging from 5% in metal products to 16% in construction materials. Exports are 8% below their 1964 levels, railway freight tonnage has decreased more than 5%, and the newspaper Le Monde estimates that a million Frenchmen have had their purchasing power reduced by dismissals or short work weeks...
...favorite game was to contemplate, in case the car was stranded, which passenger would be coupled with whom. By the time Nickie is 20, the game can be played for real: dinners at the Hornburys' waterside estate on Long Island are followed almost automatically by a skinny dip in the Sound. Unfortunately, at 25, Kathrin Perutz' ultra-sophistication and perception seem to come only in hot flashes. The characters, though in a suitably advanced state of corrosion, are not corrosive enough; their dialogue is too much thrust, too little...
...Young Democrats are selling tickets to the speech in the Coop for $2. If admission revenues fail to reach the $1000 goal, the YD's will "dip into the treasury, Burt L. Ross '65, president of the club, said yesterday...