Word: kipness
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Dates: during 1950-1959
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...capitalize on the growing chaos. But Premier Phoui (pronounced Pwee) Sananikone, 55 (TIME, Sept. 1), a muscular and quick-witted six-footer, was ready for them. Last August he had formed a government shorn of the two Communist ministers. He instituted a currency reform that allowed the Laotian kip to find its normal level of 80 to the dollar, and he brought a halt to the scandalous abuse...
...Viet Minh hovered on Laos' borders after the French debacle at Dienbienphu. With the French withdrawing financial support, the urgent necessity was to keep the 25,000-man Laotian army in the field. In a hastily drawn agreement, the U.S. committed itself to exchange dollars for Laotian kip at the rate of 35 kip...
...primary purpose was to supply kip to pay and support the army. But in the two years since then, as the U.S. steadily broadened its aid program, the free rate has soared as high as 120 kip for $1 in the markets of Vientiane, Bangkok and Hong Kong. The disparity between official and free-exchange rates has become an open invitation to speculators. The system works this way: a Laotian importer wants to bring in 20 radios at a unit cost of $50 each. He gets an import license for $1,000 worth of radios from the Laotian government...
Pole vaulters Kip Smith and Don Richards have both graduated, leaving a huge void which must be filled by sophomores Dick Williams, Barnes Keller, and Barrett Churchill. Keller has looked the best so far, which, at this point, is unfortunately damning with faint praise...
Defend America? One hot morning just 180 years ago, Britain's General Sir William Howe, having taken Brooklyn with "the largest expeditionary force Great Britain had ever assembled" (32,000 men, 200 ships), sent his redcoats across the East River to a landing at Kip's Bay (34th Street). Under the massed fire of 86 naval cannon, the Connecticut farm-boy defenders ran for their lives. General George Washington, taken by surprise, galloped down from his headquarters at the northern end of the island (now Coogan's Bluff, overlooking the Polo Grounds). "Take the wall," he shouted...