Word: france
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...price for such concessions will come high, particularly for meeting the wage demands of the workers. At week's end the union leaders, meeting with Pompidou and employer representatives, had already won the promise of a 20% increase in France's minimum wage. The bill for that, and the subsequent rounds of inflation that a massive increase in purchasing power is bound to touch off, will almost certainly erode the value of the franc, might even lead ultimately to its devaluation...
Then there is SEXPOFF [Societe pour I'Exportation du Franc Franfais], a subversive movement to which all Amer icans in France automatically belong if they change francs into dollars, thereby reducing De Gaulle's ability to buy up Fort Knox. But sticklers over niceties now ponder whether those who reciprocate the nastiness of De Gaulle, whose character combines le Roi Soleil and De Lawd, are guilty of lese-majeste or sacrilege...
...London market and new speculation against ster ling. It was small satisfaction that the French, who have done their share of speculating against the pound in Brit ain's recent troubles, suddenly found themselves tarred by the same brush: ru mors of a devaluation of the franc plummeted France's coin of the realm 21 fractional points...
...Including Western Union Chairman Russell McFall, who has put the telegraph utility on an ambitious diversification course, both Chairman Fred Sullivan and President Franc Ricciardi of the fast-growing conglomerate, Walter Kidde & Co., and George Scharffenberger, freewheeling president, of New York-based City Investing...
...FRANC SHOR Associate Editor National Geographic Magazine Washington...