Word: exchangees
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Dates: during 1950-1959
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¶India's Finance Minister Morarji Desai sought first aid for his country's second five-year plan, threatened with strangulation by an acute shortage of foreign exchange. By week's end Desai had got the promise of i) $100 million in U.S. loans, and 2) $200...
Maidens & Dhows. Gwadar was then the haunt of pirates and pearl divers. Later, in the iQth century, its freebooters prospered by procuring black-eyed Persian maidens for sale in Arabia's slave markets. The British, lords of India and protectors of Muscat, ended this racket. Since World War II...
Personally, I made no attempt not to look like a foreigner and was approached a score of times on the street, often near the big hotels that all have uniformed militiamen standing outside them. Sometimes people just wanted to talk, sometimes to buy dollars. (I tried to find out what...
One of the most heavily traded stocks on the New York Stock Exchange last week was that of a little Philadelphia rug firm, the Artloom Carpet Co. From a low of $3.75 a share earlier this year, Artloom has soared to a high of $27.63, even though Artloom's...
As soon as SEC's investigation started, the Stock Exchange also moved in to brake any big drop in Artloom stock. It banned the use of "stop orders"; i.e., orders placed in advance by stockholders to sell (or buy) when the stock reaches a certain price. Such orders to...