Word: marketeers
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Dates: during 1960-1969
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Charles de Gaulle, ever the scene stealer, presented the President with a problem on the very eve of his departure. Word out of London had it that De Gaulle, who has steadfastly opposed British entry into the Common Market, had proposed that Britain join France, West Germany and Italy in a four-power European economic directorate that would replace the Common Market. His reported price: that Britain withdraw from NATO, as France in effect has already done. London and Paris started a shouting match over whether or not De Gaulle had actually made such a proposal?and the curious case...
Brussels, the President's first stop, is the capital of a tiny nation divided by ethnic schism. Yet, as the headquarters of both NATO and the Common Market, it is also the capital of European cooperation. It is, as well, the European base for a growing U.S. industrial complex. The main route into the city from Zaventem airport passes through what is known locally as "Little Texas"?an unmistakably American creation that includes a new Esso research center as well as plants built by IBM and Honeywell. Nixon will enter the city with King Baudouin. On the President...
After the NATO meetings, Nixon was to confer with Common Market Commission President Jean Rey, a doughty Belgian Eurocrat who once observed: "Building Europe is like building a Gothic cathedral. The first generation knows that they will never see the work completed, but they go on working." Among the topics up for discussion: U.S. problems with inflation and balance-of-payments deficits, the possibilities for a "Nixon round," and speedy implementation of special drawing rights within the International Monetary Fund?"paper gold"?to ease perennial pressures on gold and on the two international reserve currencies, the dollar...
...President Nixon was still preparing for his good-will working tour of Western Europe, the long-simmering feud between Great Britain and Charles de Gaulle's France burst into the open once again. As before, the casus belli was Britain's bid for membership in the Common Market, which De Gaulle has repeatedly vetoed. Washington was dismayed, since the dispute would hardly enhance the atmosphere of mutual understanding and cooperation that Nixon ardently hoped to cultivate...
...last year when the Beatles came out with a double album that sold for $10 at non-discount places all across the country, it still sold 3 1/2 million copies in four days. The record companies learned there was a lot more money in the market than they thought...