Word: present
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Dates: during 1960-1969
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...South Viet Nam will be rich. We will have no problems, and when there are no problems, there will be no Communists." Other intellectuals, so far a minority, now back the government after years in opposition-mainly because they feel that it is the best possible regime under the present circumstances. They may not particularly like it, but they prefer it to the Communists...
...journalism. Everyone knows that I am a nationalist." Says a Saigon police official: "Lau thought he saw a ceasefire and a coalition government coming. He was trying to swim between two currents. He thought he could talk to the other side and still be considered a patriot by the present government...
...this system were already in effect, the disparity between the undervalued Deutsche Mark and the overvalued French franc, the most chronic source of monetary crisis, might well be reduced. The mark probably would have moved up in several steps from its present value of 25?, to 26? or 27?, and the franc would have gradually declined from 20? to around 18? or 19?. The Dutch guilder and Italian lira probably would have moved up too, while the British pound almost certainly would be worth less than its present $2.40. The U.S. dollar would not have changed because...
...Market's six currencies would wreck their system of uniform farm prices. Some German and Swiss bankers argue that the crawling peg would depress international trade and investment by creating uncertainty as to what any currency would be worth in the future. Supporters reply that under the present system, threats of large devaluations or revaluations create even greater uncertainty-and that all too many governments depress trade by imposing controls on the movement of goods and capital in order to preserve unrealistic exchange rates...
...City Airport. The great jets fly between the cities much faster (in 40 min. or so, v. 1½ hrs. for Commuter), but Commuter customers avoid the long drive to outlying airports and get from downtown to downtown more quickly. Industry analysts expect that mergers will eventually whittle the present 240 scheduled operators down to a much smaller number of well-financed, more closely regulated carriers-and that only the best will survive...