Word: holding
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Dates: during 1960-1969
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...imbalance by making French goods cheaper on world markets. But devaluation would also be a bitter political setback for Charles de Gaulle, who has staked his prestige on maintaining parity of the franc at 20 U.S. cents. Even so, a currency that foreigners hesitate to handle and that Frenchmen hold only because they have to is hardly the basis for a policy of grandeur...
...latest of many austerity moves to hold off devaluation, the Bank of France is expected to announce this week another increase in the country's discount rate, which has been raised over the past year from 3½% to 6%. Such belt tightening has already fanned social unrest. Across France last week, normally docile merchants closed down their shops in a one-day protest against high taxes. Some even took to the streets and battled riot police...
Fuji and Yawata together account for 34% of Japan's burgeoning steel production. They have no complaints about complying with conditions imposed by the Fair Trade Commission, and have reduced their share of the market in heavy rails, tinplate and foundry iron, in which they would otherwise clearly hold a monopolistic position. Significantly, Japan's four other major steel firms showed no real opposition to the merger. "The other steel companies have become strong enough to withstand any kind of competition," explained Hosai Hyuga, president of Sumitomo Metal Industries. Indeed, some competitors are counting on the trend...
...plot is a simple blueprint from which Hubert Cornfield, the director, producer and coauthor, builds an intricate superstructure. A girl (Pamela Franklin) is kidnaped at Orly Airport by a man dressed as a chauffeur (Marlon Brando). The chauffeur and his three partners (Richard Boone, Rita Moreno, Jess Hahn) hold her captive at a deserted seaside cottage while they approach her wealthy father about the ransom. The mechanics of the operation and, more important, the slowly disintegrating relationships between the kidnapers are the essence of the film...
...study conducted last week by the committee found that less than ten per cent of the students eating in Lehman Hall are actually members of Duedly House. The dining hall, designed to hold 200 people at one time, handles an average of 900 people per day during the lunch hours, the study showed...