Word: exchangees
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Dates: during 1950-1959
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¶ Devaluating the peseta from 42-to-the-dollar to 58, as well as ending the Spanish government's practice of juggling 13 different rates of exchange for imports and exports.
The Covent Garden production of Medea was the same one in which Callas triumphed in Dallas last year (TIME, Nov. 17); in an exchange agreement, Dallas will see the Royal Opera Company's production of Donizetti's Lucia di Lammermoor next year. As curtain time approached in London...
¶Columbia's Dickinson W. Richards, 1956 prizewinner for his work in cardiology: "Every scientist suffers when there is any restriction, at any level, to the free exchange of knowledge. Except insofar as restrictions are required by the exigencies of national defense, we believe that there should be no...
MERGER TALKS between General Dynamics Corp. (1958 sales: $1.5 billion) and Material Service Corp., Chicago building products supplier (1958 sales: $115 million) are on again, appear more promising than last year, when talks broke down over basis of exchange of stock.
Solid Ahead. Behind Britain's trade comeback is a brisk overhaul of its economy. After the September 1957 run on the pound in favor of the German mark, which Britons considered one of the darkest periods since the war, the government decided that more austerity was needed to restore...