Word: dollar
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Though typically American, convention fever is contagious. Europeans are picking up the convention habit (though Asians largely have not). And with the cheapening of the once-mighty dollar, foreigners are starting to find it attractive to meet here...
Small wonder. Those billions that conventioneers sprinkle behind them are high-velocity dollars. The money remains the same, as Gertrude Stein put it, but the pockets change. Faster than you can say otorhinolaryngologist. According to some estimates, a dollar spent at a convention is respent locally five times over the subsequent two weeks. Better yet, convention spending is pure gravy for the host city. "Conventions don't pollute or put any burden on municipal services," says Frank Sain, president of the Chicago Convention and Tourism Bureau. Adds Hartford, Conn.'s Convention and Visitors Bureau Chairman David Heinl: "A convention...
...idea of a currency union has been around since the European Community started in 1957. What advanced it now was the recent decline of the U.S. dollar, which has unsettled Europe's money and hurt E.C. economies. Every time the dollar dropped against the strong German mark, it also dropped-less so-against most of Europe's other, not-so-strong currencies. This caused annoying changes in the exchange rates between countries. Export trade was slowed because businessmen had to calculate and recalculate prices, and multinational companies postponed transborder E.C. investments because they could not forecast investment returns...
...economic health. Unemployment now siphons off 8.2 per cent of the labor force, and this figure, bad as it is, conceals severe regional disparities and unknown numbers of the 'hidden unemployed.' Canadian inflation is running at 8.6 per cent, and the dramatic drop in value of the Canadian dollar on international money markets is expected to help sustain this high rate...
...some. High-priced eye shadow may contain fish scales for extra shine; prestige perfumes have more natural essential oils and fewer synthetic ones than cheaper scents. But Francis Le Cates Jr., a cosmetics analyst at Donaldson, Lufkin & Jenrette, estimates that on average only 80 of the cosmetics sales dollar goes to pay for ingredients. The extra cost of the better ones used in prestige products comes nowhere near accounting for the difference in selling price. The real difference is in fancier packaging, splashier promotion, and the fact that the swankier cosmetics are made in limited quantity for sale through prestige...