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...dollar, the float has been more like a submersion, with disastrous results for tourists and Americans living abroad. Last week a U.S. visitor to Paris trying to buy a box of candy with greenbacks was excitedly ushered to a nearby bank by the candy dealer, who insisted that the American exchange his dollars for francs before making the purchase-apparently out of genuine concern that the dollar's price in francs would drop by the minute. A G.I. stationed in West Germany moaned that he could not even accurately budget big outlays like his monthly rent, since the portion...

Author: /time Magazine | Title: POLICY: Nixon's Other Crisis: The Shrinking Dollar | 6/18/1973 | See Source »

...crowd of would-be stars by director Lindsay Anderson (playing himself), who orders him to smile. The poor boy has been so disheartened that he cannot; Anderson hits him with a copy of the script. Suddenly the scene changes to a party. McDowell has been named the star, balloons float down as if at a political convention, the film ends...

Author: By Richard Shepro, | Title: If Only.... | 5/30/1973 | See Source »

...plausible idea for a film, perhaps, but not this film. Satori as the balloons float down? Malcolm McDowell said he had no idea that this was what Anderson had in mind. The film may have been doomed from the start: Anderson could not make a comedy, yet McDowell's original idea was clearly unsuited to the mammoth parable Anderson conceived...

Author: By Richard Shepro, | Title: If Only.... | 5/30/1973 | See Source »

...estimate, the entire trading supply would fit nicely on the stage of Radio City Music Hall-that speculators can drive the price up or down almost at will. And there is always the danger that in the ensuing monetary turmoil, some government will conclude that its currency is floating to an unrealistically high or low level and allow its central bank to intervene to try to fix the price. In that case, the whole jerry-built system could come apart, and deliberate crafting of a new international monetary system designed to be permanent would become a more urgent world priority...

Author: /time Magazine | Title: MONEY: Testing the Float | 5/28/1973 | See Source »

...Among them: the British pound, Italian lira and Japanese yen, which float independently, and the German mark, Dutch guilder and French and Belgian francs, which are supposed to rise and fall in unison against the dollar...

Author: /time Magazine | Title: MONEY: Testing the Float | 5/28/1973 | See Source »

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