Word: dollars
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Dates: during 1960-1969
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Delaware Park officials, rather than pay off the legal minimum of 10? for every dollar wagered on Dark Mirage, declared the race a betless exhibition. Dark Mirage danced home first by two lengths to score her ninth victory in a row and boost her 1968 bankroll...
Above all, the latest gold figures reflect the fact that foreign governments are no longer in such a hurry to cash in their dollars as they have been. The new confidence in the dollar has been brought about in part by continued improvement in the U.S. balance of payments position. The nation's payments deficit soared to $1.74 billion during last year's final quarter, then dropped to $606 million in the first three months of 1968. The deficit for the quarter that ended June 30, a Government official said last week, is expected to be "substantially" lower...
...Sources. A major cause of the brighter payments picture is the set of mandatory controls that the Johnson Administration imposed on corporate investment abroad last Jan. 1. The controls are designed to reduce the dollar outflow by a total of $1 billion in 1968, and it now appears that they will do so without seriously impairing overseas business expansion...
Restricted in the amount of dollars and foreign earnings that they can invest in their international operations, U.S. companies have been finding new sources of capital on European money markets. Last week the Government reported that U.S. corporations figure to borrow, or arrange to borrow, more than $3 billion abroad this year. Because of their success in arranging loans such as these, the total U.S. corporate investment abroad this year is expected to surpass the $10.2 billion it totaled in 1967-without increasing the dollar outflow...
...another matter. Nantucket has become a favorite summer resort and tourist attraction. The population jumps to 16,000 in July and August; last summer 200,000 sightseers overran its quaint cobblestone streets and lolled on its beaches. Salty natives sneer that one-day visitors "come with a five-dollar bill and a dirty shirt and change neither." Nevertheless, local businessmen gladly pocket the $20 million a year spent annually on bus trips, postcards and clam chowder. In fact, the tourist trade is growing so rapidly that many "off-islanders," the regular summer residents, are concerned lest their historic hideaway lose...