Word: pars
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Dates: during 1960-1969
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...Make exchange rates more flexible. According to the present rules of the International Monetary Fund, exchange rates may vary no more than 1% from par, or else countries have to devalue. To prevent such unsettling measures, more and more economists-including some close consultants to Nixon-argue that currencies should be allowed to fluctuate up or down by 4% or 5%. Then governments would not be forced to take sudden measures to restrict their domestic economies and restrain their imports-moves that hurt all consumers...
Exhausted by the trip to the wilds of New Jersey, the Crimson's quarterback, budding young sports editor "Trickie Dickie" Paisner performed definitely below par, calling several bad plays, including a triple reverse which gave the Orangemen a safety in the second quarter...
...Friday's victory over Yale and Princeton pointed up both the strengths and weaknesses of Coach Bill McCurdy's team. Captain Doug Hardin, Dave Pottetti, and Tim McLoone all performed ably to give the Crimson three solid slots in the top five. But behind them there were several sub-par showings...
...upward revaluation of the mark would be a quick if drastic way of righting the balance by putting the undervalued mark on a par with the dollar and the pound. In effect, however, that would raise the prices of Germany's exports, perhaps crippling its vital auto industry. Recently, Schiller responded to persistent revaluation rumors by snapping, "Nein, no, non, nyetl" He means that Germany is not about to pull down its own house-especially when others have yet to put their own economic households in order...
When frazzled Manhattan subway riders gasp and sigh, it is almost inevitably because of the cloacal stench and spine-crushing lack of charm that characterize the system. Not so in Par is, where ever since World War II the Régie Autonome des Transports Parisiens has been enthusiastically refurbishing the Métro. Last week the latest renovated subway station opened, this one at the Louvre. Parisian eyes popped...