Word: smithsonian
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...largest telescope ever to be flown above the surface of the earth will be launched by Harvard in conjunction with the Smithsonian Astrophysical Observatory and the University of Arizona this month...
...needed for the Infrared Telescope Balloon Project will come from Harvard College Observatory and the Smithsonian Astrophysical Observatory funds. The University of Arizona is supplying the equipment...
Washington's policy switch had beneficial consequences. The dollar's value rose in world markets. Last December's Smithsonian agreement, which set exchange rates for major currencies, was strengthened. Said Burns: "We want to let the world know that we want to do our part to maintain the Smithsonian agreement...
First, to preserve their own fragile unity, they reaffirmed that the value of Common Market currencies should stay fixed within very narrow margins and fluctuate only slightly in dealings among member countries. Beyond that, to preserve the Smithsonian agreement, which set the values of the major currencies in the non-Communist world last December, they agreed to buy up any dollars that flooded into their countries. Thus they headed off at least temporarily the possibility of still another dollar devaluation and protected the present values of other weak currencies. Still, there may well be new blowups ahead. A top officer...
...case, it will take time to restore confidence in the system of exchange rates established by the Smithsonian agreement. For months, serious private discussion in Europe has focused on the pound as the weakest link in the system. There have been widespread predictions that the pound would have to be devalued by the time Britain joined the Common Market on Jan. 1. Such talk spread gasoline on the floor of world currency markets, and Labor's Healey tossed a lighted match on it with his devaluation forecast...