Word: millions
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Dates: during 1960-1969
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Deep Misgivings. One reason for the party's good cheer was the recent news that Britain's balance of payments, for the first time in seven years, showed a $115 million surplus during the first half of this year. Since the effects of the 1967 devaluation of the pound are just starting to be felt in export orders, Britain probably has a good chance of extending its boomlet so long as world trade maintains its current brisk pace. Wilson, however, must still contend with deep national misgivings about his record and even deeper bitterness among trade unions, whose...
Despite his acid criticism, McHarg is convinced that the U.S. can replan its cities, curb pollution and halt suburban chaos. As he notes, "America is land rich -90% of the people live on 2% of the land. The answer to our environmental problems is diffusion. The 100 million more people we expect in the next few decades could be settled in 100 new cities. We have everything we need: the land, brains, wealth, technology. We only need the desire-and leadership." Eventually, by helping to provide that leadership, McHarg may match the work of his hero, Capability Brown...
...grand. They simply could not think of any other way to stave off a speculative crisis. Convinced that a new socialist government would raise the value of the mark, speculators clamored to buy German money. In just 90 minutes of trading on the morning after the election, $250 million poured into the Bundesbank from abroad. The outgoing Kiesinger government was in no position to stanch the flow by making the mark more expensive; that is the sort of basic decision traditionally left to the new government. Instead, the Bundesbank freed the mark to be traded at just about any price...
Though the old slogan is being muted, things have been going better with Coke. Profits and sales have risen steadily to $110 million earned on $1.2 billion in revenues last year. True, the company could have been more nimble in shifting to meet new buying trends: its products account for an estimated 41% of the U.S. soft-drink market, but the company's Tab ranks only third in the market for diet colas. On the other hand, Coke has diversified quite successfully in recent years, notably with its big-selling Fresca. Now the company hopes to put still more...
...freedom and adopted a series of reforms proposed by Economist Ota Sik. As Deputy Prime Minister under Dubček, Sik initiated far-reaching decentralization and began rapidly to modernize the economy, particularly in consumer industries that had suffered from decades of neglect. Sik also hoped to get $400 million in credits from the West, a step that would have relieved Czechoslovakia of some of its heavy dependence on the Soviets for markets and raw materials...