Word: dollars
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Dates: during 1960-1969
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...week miners' strike. The threat of an August steel strike brought a 59% jump in iron and steel imports. Most of the blame for increased imports, however, can be placed on the seemingly insaliable U.S. consumer, who continues to spend despite increased taxes and the inflation-diminished dollar. Over the first nine months of this year, imports gained 31% in clothing, 32% in whisky (mainly Scotch), 49% for radios and television sets. Excluding duty-free trade with Canada, auto imports have soared by 70%, or $430 million. Chartener sums up the whole problem in what has become an almost generic...
...practice formations. The Band Master shouted at me when I dropped my baton. We were forced to play music we didn't like and we had to cut our hair at neck length, and I know you won't believe this but once we had to form a dollar sign in front of 60,000 people! They tried to make us think we were serving the cause of good music and making people happy, but we knew the truth: we knew we were just tools of the academic establishment...
...conspiracy to destroy a Federal agency sounds farfetched, but the political climate is dangerous. Most people believe that unions are disruptive and already too powerful. The dollar-an-hour wage of the grape workers belies this, but the recent strikes by teachers, telephone workers, and government employees have done little to help...
Obviously, the military's move had all but ended black-market manipulations in the old MFCs. But what of the new scrip? Within 48 hours after C-day, it was selling on Saigon's black market at the familiar rate of 140 piastres to the dollar. "Now that the switch has happened," explained one speculator, "we know it won't happen again for some time...
...market, this time dealing in MFCs, quickly developed. Although scrip was not supposed to be tendered off the base, G.I.s who were short of Vietnamese piastres often used it to pay bills in native stores and bars, generally exchanging it near the official rate of 118 piastres to the dollar. Such MFCs would then wind up in the hands of Chinese and Indian money-changers, who in turn realized a fast profit by selling them at 140 piastres to the dollar...