Word: gold
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Dates: during 1950-1959
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...temptation to ease poverty with cash handouts: divvied up among the 86,000 Navajos, last year's $35 million tribal oil income would have meant only $400 apiece. Under the leadership of grey-haired Chairman Paul Jones, 62, a full-blooded Navajo, with a full count of glittering gold-filled teeth, the council spends very little for outright charity, devotes most of its budget to education and development projects. Items: ¶A $5,000,000 fund to provide 400 college scholarships a year...
...Europe's war-torn farmlands came back into production, world commodity prices fell. LAPI's income tumbled. Perón had to dip into Argentina's gold and foreign-exchange reserves, a fabulous $1.6 billion piled up during the war, to pay for the raw materials that the new industry was gobbling up. Next, he set the Central Bank's currency printing presses to work. In the chain breakdown...
Among the fortune seekers who swarmed to the Yukon in the 1898 Gold Rush was one Michael Stepovich, out of the Balkans by way of Oregon. He struck it fairly rich. Unlike most sourdoughs, he sank his profits into land investments instead of boozy sprees. Other Alaskans thought he was crazy to pay hard-earned money for wasteland around Fairbanks, but as the mining camp grew into a bustling city, Stepovich grew rich, became known all over the territory as "Wise Mike...
...demand for 150 billion francs ($428 million) in new taxes. Last week, as the Assembly Finance Committee tore up Finance Minister Paul Ra-madier's tax plan (indirect levies which would fall heavily on upper-income brackets), there was a significant rise in the price of the gold Napoleon, a coin that Frenchmen traditionally buy when they become nervous about their country's currency. Suggestions that the franc be devalued* were described by Mollet as "crime and imbecility.'' Although his government faces a deficit of about $2 billion to $3 billion, the hard core of France...
...Long Island home with swimming pool and three servants; a duplex Manhattan penthouse office suite that boasts a rehearsal hall and a Rouault; seven years of psychoanalysis, and such possessions as 50 broad-shouldered suits, a $4,000 diamond-and-star-sapphire ring and a solid gold lighter for his long, fat cigars. The last time he was on somebody else's payroll (in 1954 when he split with Imogene Coca and Producer Max [Your Show of Shows] Liebman) he earned $25,000 a week. Since then, as his own producer with a payroll of 60-odd employees...