Word: swapping
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...Nuclear Swap. For all the new optimism on the East River, Fanfani faces an agenda that gives little hope of smooth sailing. Once more, Red Chinese membership will be proposed, though with less feeling: Peking's brutal ultimatum to India has undoubtedly cost it some support among non-aligned countries. There will be demands for a vast disarmament conference that would include Peking, which the U.S. is not likely to welcome. The future of peace-keeping operations remains unresolved and controversial. To these familiar problems a new one has been added: Pakistan's threat to withdraw from...
...others are bought from philistines who have put in engines from other cars and replaced original with makeshift parts. To discover how the car once was, restorers thumb through old Ford service booklets, then set out to find the missing parts. Many are found at the restorers' annual swap. A perfectionist who had been looking for five years for a i-in. front-seat adjusting screw picked one up at Dearborn last week for $5. Show Race. Next to their cars, Model A restorers love other Model A re storers more than anything else in the world...
...Some swap offers sound too good to be true. A resident of Turtle Cove, Jamaica, is willing to turn over his four-bedroom house with private beach, swimming pool set in a natural garden, car, dinghy and sailboat, plus the services of a butler, cook, maid and gardener. He wants in exchange a big-city apartment. And he will settle for any one of six cities-New York, London, Paris, Rome, Madrid and Geneva. But he is choosy. After thumbing through dozens of offers, he still has not found one sumptuous enough to suit him. Time is running short...
...Doubters. Callaghan could use some sympathy. The British Treasury announced last week that Britain's gold and currency reserves fell by $67 million in June, to $2.8 billion, and that it had exchanged pounds for dollars under its $750 million swap agreement with the U.S. In addition, Britain faces a large seasonal payments deficit later in the year, finds her currency reserves drained each time a bit of poor economic news appears; bad May trade figures, for example, cost the British Treasury $140 million in reserves as holders of sterling sold off their pounds in exchange for gold...
Declines & Disappointments. The Communists try to swap their raw commodities for sophisticated capitalist technology, but recently they have been forced by crop failures to import fewer Western machines and more Western food. For both Russia and Communist China the biggest import from the West is grain. China now takes more than 50% of Australia's wheat exports and 10% of Canada's; last week it agreed to buy about another $100 million worth of grain from Canada. Most of the U.S.'s $340 million worth of exports to the East last year was in the form...