Word: franc
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Dates: during 1950-1959
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...tallest skyscraper in France today is in the cathedral town of Amiens, a 25-story tower made of reinforced concrete, named for Architect Auguste Ferret. Far from pointing to the building with pride, the people of Amiens have scornfully dubbed it La Chandelle (The Candle). To the French government, which owns it, the Perret Tower has become a national scandal. Abuilding since 1949, it is still unfinished inside, already 30 months behind schedule and 132 million francs over its original 93-million-franc estimate. Last week the French government offered the tower to private investors. Price: one-fifth its cost...
With his million franc windfall, Francis plans to finance a new studio and a trip to the U.S. And as his canvases get bigger and bigger, he is also intrigued by the thought of another project: "I'd like to buy one of those flying platforms they've just designed. Gosh, with one of those you could hover any place you wanted, and you could make 40-ft. brush strokes...
rate. The purpose is partly to conserve foreign-exchange holdings, but partly, too, to protect inefficient domestic industries whose prices are 10% to 15% higher than world levels. To keep these industries going, France charges low tariffs on raw materials it needs, but imposes duties as high as 33% to 40% on finished goods, then pushes the barriers still higher with additional special taxes and import quotas. Cars, for example, are imported under a modest 20% tariff, but with added taxes, the total bite comes to 60%. Depending on how business is doing, quotas, taxes and tariffs are raised...
...have a magician," one Deputy told a Cabinet minister. At week's end, trying to capitalize on his temporary advantage, Faure announced that he would ask the Assembly to approve new elections for early December, with the hope of producing an Assembly with a more stable majority. Said Franc-Tireur sourly: "The Assembly, if it decides to dissolve itself, will have accomplished its first useful act for the Republic...
...small, speculative outfits which may have trouble getting into production in the 20 months Howe allowed them. Heads of the bigger companies took Howe's statement as a fair warning that Canada and the U.S. will not go on indefinitely paying a premium price for stockpile uranium. Said Franc Joubin, president of Algom Uranium and discoverer of Ontario's Blind River field: "This is the orange light before the red, which is always welcome...