Word: ingotsize
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By Odin's foreskin!, as the author says. What isn't in this belly-gutting, god-rotting typhoon of a book? In his bestselling first novel King Rat, James Clavell may have been only clearing his throat for this one, which seems every bit as long as it...
At home in Italy, where three out of every four cars on the road are Fiats, the company in 1965 produced 1,013,588 vehicles-its first million-unit year -and rang up sales of $1.5 billion. Production this year will rise 12-15%, to about 1,150,000 vehicles...
Even more than other big aluminum makers, Alcoa needs new customers. Confronted since 1957 by industry overexpansion, sagging prices for ingots and cutthroat competition in the less profitable fabricating field, it has lost part of its share of the market to new companies, has also been through a profit wringer...
In past years, the Treasury has induced central banks abroad to retain their dollars instead of converting them to ingots. Using "Roosa bonds" (named for former Under Secretary Robert Roosa) and complicated currency swaps the Treasury has "financed" the balance of payments deficit. Foreign central banks have backed a portion...
Then De Gaulle dropped an ingot that sent sound waves through the financial world: he called for a return to the gold standard, and a whole new approach to the international monetary system (see U.S. BUSINESS). Admittedly, said De Gaulle, such a measure would cause an enormous upheaval in the...