Word: mercedeses
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The value of the dollar determines much more than merely what the doctor in Houston must pay for his new Mercedes-Benz or the housewife in St. Paul for her Swiss chocolates. Prices of domestic goods go up because the competing imports are more expensive; the dollar's decline...
The Sandown raceway in Melbourne was packed with 61,500 people, there to see the car that had been flown in from Stuttgart and the driver from Argentina. "It's like meeting an old friend," said Juan Fangio, 67, five-time world racing champion, as he clambered into the...
By last summer, excessive bureaucracy, credit difficulties, erratic cash flow, transport and communications bottlenecks were prevalent. Once again, the expectations of the poor and middle class were frustrated. Rent for a modest two-room apartment in Tehran rose to $1,000 a month. For luxury villas in the northern part...
Farmers around Circle were discouraged by that, and many of them plowed their wheat under rather than pay to have it harvested. This year there is a big U.S. crop, but also Government supports and the hope of a heavy overseas sale. The price is $3 a bushel, not enough...
In anticipation of that scientifically assisted blessed event, normally quiet Oldham (pop. 227,000) last week was in a state of siege. From as far off as Japan, scores of reporters and cameramen had converged on the town to be on hand for the birth of Baby Brown. Despite pleas...