Word: free
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...officials, far from celebrating their victory, were negotiating an arrangement to prevent the free-market price from dropping below $35. They intended to do so by loosening up the U.S.-inspired boycott against South African gold. Under the boycott, central banks had bought hardly any South African gold; this had forced South Africa to sell on the free market, driving down the price. But as the free-market price skidded, European central bankers feared for the value of their own gold reserves. In addition, the Europeans wanted to bring some new South African gold into the international monetary system...
...Rome, South African Finance Minister Nicolaas Diedrichs and Paul Volcker, U.S. Treasury Under Secretary, framed a compromise. It would permit South Africa to sell a certain amount of new gold to the International Monetary Fund whenever the country's balance of payments was in deficit and the free price sank to $35 or less. The I.M.F. would pay the official price of $35 and could then resell the metal to central banks. The deal would provide a floor under the gold price, and something of a ceiling as well. Since the I.M.F. would buy only a little gold, South...
...tiny, one-product firm formed this year by Hylton Socher, a public relations man, and Harvey Meyerhoff, a graphics designer. They had acquired the product from Michael Intrator, a musician, who had developed it. For a time, he sold Cupid's Quiver through ads in the Los Angeles Free Press and other underground newspapers...
...Negro tenant. When Sullivan protested, the club barred him too. Sullivan was angry enough to join Freeman in fighting the case up to the Virginia Supreme Court of Appeals. They lost: the judges upheld a lower-court ruling that Little Hunting Park was a private club, and was thus free to restrict the pool to whites...
...Ibrahim A. Eldib, a water-pollution expert from Newark, disagrees. For one thing, he told the subcommittee, such plants are exorbitantly expensive. The best solution, says Eldib, is to speed the development of a phosphate-and nitrogen-free chemical detergent...