Word: rates
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Dates: during 1940-1949
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...slashing the dollar price of their currencies. For some it was like pulling teeth. Belgium, with one of the hardest currencies in Europe, groaned and devalued by 12.3%. Among the holdouts were Switzerland, Italy and Pakistan, but all of them faced trouble exporting their goods at the old exchange rates. Few were in the monopoly position of Pakistan, which seemed to have decided that India could not get along without Pakistani jute and cotton and would have to pay at the pre-devaluation rate for them. (India promptly raised cries of "blackmail...
...could not be compared directly with the 1916 total of 30,000 cases, because the U.S. population has increased by about half in the meantime. Also, because so many milder cases are now properly diagnosed and reported, the proportion of crippling and fatal cases is far less. (The death rate among youngsters under 15 is now one-fifteenth the rate of the 1916 mortality...
...scientist is inclined to minimize the Russian scientific achievement. It is possible that the Russians have built by persistence and enormous effort a single rather poor bomb. But they have world-renowned physicists, such as Peter Kapitza, and probably many other first-rate men. So it is also quite possible that they have large, fairly efficient plants capable of producing many excellent bombs...
...wake of worldwide currency devaluation last week (see FOREIGN NEWS) there were plenty of bargains-and also considerable confusion over prices. Nowhere was the confusion greater than on the international airways. On all eastbound transatlantic flights out of New York, passengers paid the usual rate of $350. But in London, westbound passengers could fly on British planes for the old rate of ?86, a saving, under devaluation...
...London, 32 of the 60 airline members of IATA (International Air Transport Association) held a hurried meeting, worked out a temporary solution. From Oct. 1, until permanent rates are set, all transatlantic fares-both ways-will be at the $350 rate, thus setting a new rate in London of ?125. But from London eastward to Cairo, New Delhi, etc., fares will remain unchanged at their old rate in pounds, francs, etc. That meant that U.S. airlines will have to take as much as a 30% cut in dollar fares to compete. On the sea lanes, Britain's luxury liners...