Word: rosee
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Dates: during 1960-1969
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...Frenchman's portefeuille. His pocketbook is noticeably thinner, in large part because De Gaulle has not done much recently for France's economy. Among Common Market countries, France trails all but Luxembourg in the growth of industrial production, while its cost of living (which rose 14% last year) is the highest in Europe. The unemployment rate, which for years was one of Europe's lowest and most stable, has climbed 11% since November. The Paris Bourse, in the doldrums since 1963, dropped another 10% last year. Faced with increasing signs of recession, many employers have...
Sissy Prince. From the outset, it was apparent that what Chagall had conceived was not so much background scenery but foreground commentary, much of it highly personal. The curtain opened on a great swirling storm of colors, which, as the massive backdrops rose and fell through 16 scenes, rolled across the footlights in rainbow waves. And awash in it all were the familiar Chagall symbols: floating maidens, topsy-turvy trees, horned animals, bursting suns and moons, and all manner of creepy crawlers and little winged things...
Neustadt tells a story in this vein. Last summer two members of the Economics Department were investigating the problem that would arise when the cost of living rose in 1967 with relation to the maintenance of the now-defunct guideposts. It wasn't really a long-range problem like ones the Institute wants to confront. But the point of the story, which Neustadt tells with great relish, is "that Washington--a couple of Cabinet officials, a White House aide, and a leading government economist--came to us. Harvard didn't have to go running to them." He adds, with...
...FRANCE. The gross national product grew by a robust 5.5% last year, and is expected to do as well in 1967. But a few clouds are gathering. Though exports rose fast (10%) last year, imports increased even faster (15%). And with markets weakened in other European countries, France stands to see its balance-of-payments surplus turn into a deficit before 1967 is out. Continued prosperity depends on France's ability to hold the line on prices...
...Olivetti & Co. sprang a surprise at last week's annual shareholders' meeting. First, in a country where fiscal secrecy is the rule, there were some proud announcements of sales and earnings. For the Italian mother company, profits rose from $7,000,000 in '65 to nearly $11 million in '66. Worldwide, Olivetti sales last year reached $508 million, up $62 million over '65. (Observers estimate that Olivetti's global profits were $16 million last year, up about 40%.) Next came the surprise: a change of top-level management in the wake of success...