Word: swap
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Gift returns do not end with the after-Christmas rush; birthdays, anniversaries and weddings make it a year-round problem. One answer is the West Los Angeles Gift Exchange, dreamed up by Ted and Shirley Margulis. The Margulises have set up a trade center where everyone can swap what they got but don't want for what they do. They will accept practically anything, including Indian brassware and whirlpool baths (but not adults' clothing or initialed gifts). They check prices against a list of 150,000 items carried by local stores, give the customer a credit slip (subtracting...
...School administrator explains the meeting -- and other conferences which may follow -- the idea is to ask Ed School experts "to come over here and tell us what we're doing well, what we're doing badly. We want," according to Joseph W. Gardella, associate dean for Student Affairs, "to swap ideas and see just what the hell...
...Swap Facilities." Even more significant for the future of the pound was last week's increase in credits available to Britain. The move was arranged through what are called "swap facilities," a system under which countries pledge to support each other's currencies by exchanging funds in case of trouble. Four years ago, Britain and the U.S. negotiated such a swap; later the U.S. and seven European nations, plus Canada, Japan and the Bank for International Settlements, negotiated another swap to stabilize the currencies of the nations involved...
...much of Britain's new swap rights will have to be used depends, of course, on the performance of the pound over the next few months. But the mere fact that those rights were expanded indicates a basic belief that the British government at long last means business about righting the country's economy...
...sixth-generation member of a family prominent in Paris business, negotiated patiently for eight years to acquire Vichy. A controlling 43.8% interest in Vichy is held by a beer firm called Brasseries et Glacières de 1'Indochine (BGI). Perrier in turn owns 33% of BGI. The swap that Leven finally arranged was to give BGI its 33% and in return take the controlling interest in Vichy. Perrier has acquired another 10% of Vichy shares from other stockholders. Perrier will not only bottle the water from the twelve mineral springs in the town of Vichy but also operate...