Word: swap
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Gentlemen's Disagreement. In Paris, Ball also got a sympathetic reception, a pleasant change for a U.S. envoy these days. France last year exported to the Soviet bloc goods worth only about $266 million; Russian barter proposals, involving a swap of Soviet coal and oil for heavy industrial goods, are highly unattractive since France can sell its own coal and oil inside the Common Market. Besides, Charles de Gaulle believes that trading with the Soviets is a dirty business (although he seems willing to trade with Red China) and recently denied an export license to a leading French steel...
Three Way Swap...
...airline industry is now a sophisticated business, but too many of the guys running airlines are the same ones who started the open-cockpit mail runs." He calmly took on Pan American President Juan Trippe, forcing him to return 390,000 shares that Pan Am had acquired in a swap during a 1958 merger maneuver that came to naught...
More startling was Washington's "standby" arrangement to draw $500 million worth of convertible foreign currencies for one year from the IMF. The IMF is already stocked up with its full quota of dollars. The U.S. will therefore swap its borrowed currency for dollars held by foreign countries that need hard currencies to pay off debts to the IMF but cannot use dol lars to do so. These countries will thus be less tempted to convert the dollars they hold into U.S. gold. Sighed one U.S. official to the IMF: "I never thought...
...company hooks an amplifier ($30 a month maximum) to the phone at the audience end. A microphone hooked to the same phone allows the audience to ask questions. Innovator Beilis, who now works for A.T.&T., is swamped with requests by colleges from Dartmouth to U.C.L.A. that want to swap star scholars by phone...