Word: presidental
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Dates: during 1970-1979
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Central banks and private holders are reluctant to accept any more dollars, whose value declines almost daily. OPEC countries in particular are attempting to put new oil earnings into marks, yen or gold. Says Washington Economic Consultant Harald Malmgren: "The Arabs have learned that they pump oil out of the...
As the dollar is being eased out of the cornerstone position it has held since World War II, gold and some strong currencies are moving in. The American campaign to remove gold from the world money system has failed;, as one example of bullion's continuing monetary role, the...
Many companies are searching for ways to make their benefit packages more cost-efficient as well as more satisfying to employees. One innovation is the "cafeteria" plan, which allows employees to select their own benefits beyond a certain level of required medical, pension and life insurance coverage. For instance, a...
DIED. Armi Ratia, 67, Finnish designer and the dynamo behind Marimekko, the internationally known fabric and fashion house; after a long illness; in Helsinki. In 1949 Ratia quit her advertising job to write a novel and help salvage her husband's threadbare oilcloth company. The novel never was written...
DIED. Roger K. Fawcett, 69, president of Fawcett Publications; of cancer; in New York City. The Minnesota-born Fawcett succeeded his father as chief executive officer of the firm, which publishes magazines (Woman's Day, Mechanix Illustrated), paperbacks with the Crest, Gold Medal and Popular Library imprints and Charles...