Word: effective
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Dates: during 1950-1959
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...this point, and after all banks had closed for the weekend, Gaillard was ready for his big step. It was devaluation, but with a difference. The franc was devalued to 420 to the dollar in all tourist transactions. Imports in effect would cost 20% more, except on those imports deemed vital to the continuing expansion of French industry. On these "exceptions," such as fuel and key raw materials (wool, cotton and steel products), accounting for about 60% of French imports, the rate would remain 350 to the dollar. The calculated effect: a cut in import spending. Next, to give France...
Concluded Worthington: "The third sound came like a creaking noise, like some great door slowly and ominously swinging open. The kind of sound effect Alfred Hitchcock makes...
Columbia scientists, working on an Air Force contract, dodged around this difficulty by altering the quality of the signal itself. Details of the alteration are still secret. But in effect the scientists added an ingredient to the signal that can be readily identified against background interference picked up by their receiver. "It's a lock and key system," explains Dr. John H. Bose of Columbia's Electronics Research Laboratories. "We know what's locked up in the signal, and our receiver...
...patent lack of administrative ability. Says one rival politician: "He should have been allowed enough rope to hang himself." Thus, to the voters, Jagan is still a martyred hero. Then, after belatedly setting up an $84 million emergency-aid program to quiet rising discontent, the British ruined the effect by slowing down expenditures...
Besides the damage and loss of human lives, the government fretted over the earthquake's possible effect on the vital tourist trade. Although only 10% of U.S. tourists pulled out, the government tried to play down the earthquake. Official figures put the national death total at 67, and even when eleven more bodies were unearthed in Mexico City one day last week, the official count stayed the same. More likely fatality figures: about 200, all but 50 in Mexico City...