Word: pools
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Dates: during 1960-1969
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...most part, the $475 million went to cover the U.S. commitment to the seven-nation international gold pool in London. Meeting secretly at the Bundesbank in Frankfurt when Britain devalued, the pool governors determined to continue sales of gold at $35 an ounce in order to thwart speculators who bought in hopes the price would rise-which would, in effect, devalue the U.S. dollar. The big payment by the U.S., which has a 59% share in the pool, by no means represented the total cost of the defense. Britain, West Germany, Italy, Switzerland, Belgium and The Netherlands, who hold...
...fiscal problems need attention. Yet the point at which the U.S. can no longer defend the price of gold -and thus the dollar-hardly seems near. Although the U.S.'s gold supply has fallen far from its $24.6 billion peak of 1949, the nation's gold pool partners and its creditors throughout the world are not at all anxious to bring down the present monetary system by drawing out the remaining U.S. supply. And Congress, as Moore urges, may soon expand the available supply by ending the requirement that enough gold be kept frozen to back a minimum...
Cadet Peter Heesch touched out Harvard's Bill Shrout in the last leg of the 400-yard freestyle relay Saturday to give the Army swimming team a 63-50 victory in the Crimson's home pool...
...have a prototype built next year, figures that because the car is designed to use existing auto components, it could be mass-produced at a cost of $1,600. HUD ultimately envisions an urban transportation concept under which commuters would pay a fee to join a vast minicar pool, get to and from work in cars kept at central lots, which during the working day would supply idle cars to other pool members...
...Parts Pool. The Eastern-TWA deal is not the first instance of cooperation between cost-conscious airlines. In fact, with aircraft maintenance bills already exceeding $1.4 billion a year, or one-quarter of the total operating budgets of U.S. carriers, sharing of maintenance costs has become increasingly common. Airlines flying Boeing 707s utilize the same spare-parts pool. United Airlines in San Francisco services jet aircraft for ten other airlines. In San Diego, "Pacific Southwest Airlines operates a training program for pilots from such lines as Nippon, Alitalia and Braniff...