Word: ket
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Silent Fuming. Martin said much more - notably, that there are major differences as well as similarities be tween the economies of 1929 and 1965 - but the rest was all but ignored in the furor that followed. The stock mar ket, uncertain and sliding for several weeks, plunged sharply: the Dow Jones industrial average fell 19 points in the three days after Martin's speech, dipped briefly below the psychologically im portant 900 mark, then closed the week at 900.87. Congressional leaders called for an investigation of the state of free-world economies. Lyndon Johnson at first fumed silently...
...fixed and revered as the changing of the guard, the Bank of England's 18 di rectors meet behind its Corinthian col umns and mahogany doors to plot their strategy for protecting the pound. In measured tones, they debate how much money to borrow in the domestic mar ket, whether to buy or sell sterling in foreign markets and - most important -whether to change the bank's interest rate. After each meeting the chief liai son man, Peter Daniell, dons his top hat, starts on a 21-minute walk across Bartholomew Lane in London's City. Precisely...
...thin spring sun, the very image of a people who want the better, freer-and more stylish-life Khrushchev promises. Sounding downright capitalistic, Izvestia launched a new plan to bring about this longed-for prosperity; it suggested putting a traditional Russian drink known as kvas on the world mar ket to compete with Coca-Cola...
...different shoe styles by 32 manufac turers, is in such demand that Du Pont's pilot plant at Newburgh, N.Y., cannot keep up. The company is build ing a full-scale Corfam plant in Old Hickory, Tenn., and another in Malines, Belgium, to supply the European mar ket, is spending $2,000,000 to promote Corfam in attractive ads. Next week, as the National Shoe Fair opens in Manhattan, the $5 billion footwear in dustry will debate Corfam's ultimate effect on an industry that now sells 561.5 million pairs of shoes a year. At the same time...
...practice is best shown by example. When France vetoed Britain's entry into the Common Market, it was loudly denounced as the "black sheep" of the European family. The French scarcely bothered to reply, because they brilliantly understood one key fact-that no member of the Common Mar ket cared enough about Britain's admission to break up such a thriving concern. Across the world in Asia, the U.S. championed the independence of Cambodia from French imperialism. Now Cambodians view Americans as conniving rascals and France as a friend in need. Cambodia's Prince Sihanouk last week...