Word: renault
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...cover hotel, meals and transportation. About 90% of workers in West Germany receive Urlaubsgeld (holiday money), a bonus that can equal 45% of the salary a worker collects during his paid vacation period. Other companies subsidize vacations by funding resorts and tours for employees. In France, the state-owned Renault automotive firm contributes to the operation of 30 family vacation villages that offer tennis, snorkeling, golf and horseback riding-plus baby-sitters for children. Employees who earn $800 monthly pay only $51 each week to stay at these resorts, located in such popular getaway spots as Brittany and Corsica...
...command. Named Transportation Minister, he also became a Minister of State, one of the five highest ranking Cabinet officers. Other new ministers arrived at the Elysée in sleek, gray, chauffeur-driven Citroëns, but Fiterman rolled up behind the wheel of his own tiny brown Renault-with a team of TV reporters huddled in back. Interviewed after his appointment, Fiterman bristled at suggestions that Communist ministers would give state secrets to the Soviets. Said he: "Nobody has the moral right to question our loyalty to France...
Even if they are carried out in full the threatened nationalizations will hardly revolutionize France's economy, which is already heavily state controlled through the government's allocation of investment. After all, Charles de Gaulle started the nationalization process in 1945 leading to state takeovers of Renault and four major banks. Moreover, some of the previously nationalized companies (Renault and Aéospatiale) are doing well...
...control. But, in fact, the companies in question are already largely controlled by France's state-directed economy. Many of the companies scheduled for nationalization are now faltering anyway and in need of some kind of government support. Moreover, some of France's already nationalized companies, like Renault, Air France and Aerospatiale, are doing fairly well...
Then, as the backdrop shifts to fluffy clouds against an azure sky, the voice says, "But France remains calm." A series of happy scenes shows Frenchmen picking grapes, at work in modern factories, riding horses, playing soccer. A crescendo: French-made washing machines, Renault cars, film stars and ballet scenes spell out progress and the good life. Then comes the man who claims responsibility for this idyllic island of well-being in a time of global torment: President Valéry Giscard d'Estaing, 55, pictured at his desk in the Elysée Palace, meeting foreign leaders, affably...