Word: ratings
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Dates: during 1950-1959
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...Guggenheim Foundation's annual awards. "The new talents are obvious in the sciences, but they are just as great in painting, music, writing and scholarship." In routine matters, they did still better. Veterans and their wives settled down and became the generation to cut the wartime divorce rate in half, raise the birth rate 26.2% in a decade, demand that schools teach their Johnnies how to read. Because unexpected millions of vets got to college, a college education became a near-necessity for their youngsters...
Since British subjects will still be rigidly limited in the amount of sterling they can convert into hard currencies, the British action falls short of true convertibility. But henceforth, foreign businessmen will be able to change pounds freely into dollars (at an official rate ranging between $2.78 and $2.82). The result, so London hoped, would be to maintain the pound's position as Europe's leading medium of exchange-a vital matter to the British, who. with only 4% of the world's money, do 40% of the world's banking...
...announcement, Antoine Pinay proclaimed France's course. Presumably buoyed up by promises of financial underwriting from West Germany, France followed Britain's lead, made the franc, too, externally convertible. At the same time the De Gaulle government devalued the franc by an unexpected 17.5%, established a new rate of 493.7 to the dollar...
...shell (cost: $150,000) of Akihito's new, 45-room palace for a kowtowing $27.78. Apparently more concerned with imperial honor than with imperial bargains, however, Tokyo's noisy newspapers uncorked howls that the bid was an "insulting courtesy." Result: the canny offer humbly withdrawn, no cut-rate building bill for the Finance Ministry...
...health scare actually lit up sales by causing smokers fo switch to filters. As the Agriculture Department says, "Some persons smoke filter-tip cigarettes at a higher rate than they smoked non-filter tips." Last year filters' share of the domestic market increased from 39.9% to 45.9% as consumption rose by 35.8 billion smokes...