Word: francs
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Dates: during 1950-1959
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...making salades (trouble), to pouring into slot machines money that should have gone to Bill, even to talking of giving up her trade altogether. Among the more code-conscious of Paris' 9,000 prostitutes, the penalty for deserting a protector is severe: it can mean a 500,000-franc fine, underworld-enforced, or even the lifelong scar of the dreaded croix des vaches, a deep cross carved into the doxy's forehead. Bill had even more grandiose ideas of the code of the caïd. When Dominique told him that she could...
Popular Sport. Most European stocks do look so attractive that throughout the Continent brokerage houses are becoming as popular as coffee houses. In France, where the De Gaulle government recently liberalized imports and devalued the franc to the free-market rate, the general stock index has jumped 24% in 1959. In West
Rare is the day when the Finance Committee of the French National Assembly has a good word to say about "the Finance Minister. Last week the committee broke into applause as Finance Minister Antoine Pinay finished his report. He had good news: France is economically healthier than it has been in three decades. Spurred by last December's 17.5% devaluation of the franc, exports are now almost high enough to match imports, producing a tidy surplus in the balance of payments. Industrial production is on the way up again. The government has cut its heavy budget deficit (caused largely...
...credit to U.S. firms for foreign taxes that are deferred or forgiven "by foreign governments as an incentive to new productive investment." The U.S. Government should also allow companies to deduct losses that they suffer due to changes in foreign-exchange rates, such as the recent devaluation of France's franc...
...royal manner, De Gaulle was well aware that there was disaffection in his realm. Dryly, he conceded that Communist gains in France's municipal elections (TIME, March 23) stemmed in part from discontent with his austerity program. The press ("Excuse me. Messieurs les journalistes") had not accented the positive about austerity: the franc had been devalued by 17%, yet prices had since risen only 4%. "Now," said De Gaulle proudly, "we can meet any form of public expenditure without inflation. It is 20 years since that has happened. The value of our currency is uncontested in the world...