Word: internationale
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Dates: during 1960-1969
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DO enjoy your stay. Most layovers last overnight, because Cuban authorities will not permit U.S. jets to take off with passengers from Jose Marti Airport, and it takes time for the airline involved to ferry over a substitute prop plane. Passengers meanwhile are billeted either at Jose Marti Airport or...
At the Varadero International: Bring a bathing suit, because Varadero Beach, a 15-mile-long ribbon of white sand, is magnificent. Passengers on Eastern Flight 73 were berthed here. They were allowed to go swimming. They were also fed a free meal (appetizer, roast beef, rice, salad, dessert) while two...
An increasing number of economists and financial men believe that basic changes in the international monetary system can no longer be avoided. Last week Roy Jenkins, British Chancellor of the Exchequer, called for "an urgent review" of the world's monetary arrangements. In varying degrees, that view was echoed...
> Expand international monetary reserves, which have become too thin to support the expanding volume of world trade. Since the recent humbling of the franc, France may be more willing than before to support the quick creation of the "special drawing rights." The SDRs are a form of "paper gold" that...
> Make exchange rates more flexible. According to the present rules of the International Monetary Fund, exchange rates may vary no more than 1% from par, or else countries have to devalue. To prevent such unsettling measures, more and more economists-including some close consultants to Nixon-argue that currencies should...