Word: municher
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...overseas markets into a disastrous slide. Foreign exchange markets shut down, helpless in the currency confusion. Europe's finance ministers interrupted their vacations and rushed to Brussels to try to patch up the international monetary order. Only three months ago, U.S. Treasury Secretary John Connally had stoutly told a Munich bankers' convention that the dollar would not be devalued. Now it almost certainly will...
Londoners are complaining about "pollution by package tour." More than the usual thousands of Continental Europeans are making plans to flee their own cities this summer to avoid the youthful crush. Elderly strollers in Munich's English Gardens glower at barefoot Brooklyn musicians standing on their heads with feet intertwined or sitting yoga-style, with begging bowls in outstretched hands. The Greek Orthodox Church in Athens has adopted a new prayer entitled "For Those Endangered by the Touristic Wave." The words: "Lord Jesus Christ, Son of God, have mercy on the cities, the islands and the villages...
...Helsinki, London, Moscow, Prague, Salzburg, Stockholm, Vienna, Warsaw and Zurich. In almost every other top city, they are just plain tight. Prices have risen about 10% since last year. A double room with bath in a good hotel ranges from a low of $7 in Lisbon and $10 in Munich to a top of $48 in Rome, $50 in London and $65 in Paris. A WINDFALL FOR VENDORS OF THE GOODS AND SERVICES THAT ECONOMY-CLASS TOURISTS WANT. Among the beneficiaries: European small-car-and bicycle-rental companies, inexpensive restaurants, even greengrocers, and North American sporting-goods and Army-Navy...
Erich Bolzer, a metalworker, says: "If I have enough hours on credit, I sometimes leave at noon, pack my family in my Ford, and visit the Munich shopping centers and bargain counters of the department stores. I figure that I save 15% to 20% in living costs this way." Messerschmitt officials are equally pleased: they find that employees arrange things among themselves so that the flow of work is not hurt...
...providing background about the memorabilia and produces medals for groups that use them as a fund-raising device. The White House Historical Association, for example, has offered members a series depicting U.S. First Ladies, and the U.S. Olympic Committee sold one celebrating sports events including the 1972 Olympics in Munich. Franklin's founder is still slightly mystified at the collector instinct that his operation has uncapped. Says he: "Some retired people wait for the new medal each month and call the neighbors in to see it. Some businessmen get an issue and put it away without a second glance...