Word: franc
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Trouble chez Renault. The crisis started when 2,500 workers at the nationalized Renault automobile plant struck for a ten-franc-an-hour raise. Their demands ran counter to the Government's hold-the-line policy (TIME, March 3), which the Communist Party (and its five Cabinet ministers) had approved. To deal with the situation, beetle-browed Benoit Frachon, Communist Co-Secretary General of France's General Federation of Labor, called in Eugene Henaff, a tough Communist disciplinarian (whose chief claim to distinction is that he has worn a red tie every day for the past eleven years...
...allay police unrest the Prefecture of Police asked the Government to approve a twelve-franc (10^) bonus for every policeman who reports a street accident...
...hundreds of years, Paris' chiffoniers (rag pickers) had shuffled about quietly in the half-light before dawn, pawing through potato peels and rotten meat in their quest for a handful of old rags or an empty tin can. (Their .reward: for a kilo of rags, 4 francs; for a kilo of iron, half a franc...
...comparable to those in the U.S. Typical rates: $5 a day double at London's medium-priced Cumberland, $14 a day double at Paris' famed George V. Actually, the cost of-traveling-and tours-depends on what happens to foreign currencies. Both the French franc and the Italian lira are skidding. If the pegged price is not changed to match the fall in real value (France refused to do so during the war), tourists will find their U.S. dollars bringing less and less unless they patronize the black market. Reason: prices will go up to counteract the fall...
...automobile tycoons and politicians of the Third Republic elbowed out dukes and princes. Business came before pleasure even at Maxim's. Over Maître d'Hôtel Albert's homard à l'américaine, Cabinet careers were made and broken, and million-franc deals consummated. Maxim's ladies, the poules de luxe, often sat in lonely splendor until at long last a U.S. sugar king or Bolivian tin baron whispered in Gérard...