Word: tangier
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Dates: during 1950-1959
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...Vincent case had already grown so hot that the White House was reluctant just to leave him in Switzerland, a major listening-post for the meeting of East & West. Finally, the State Department hit on a slick way out. It appointed Vincent diplomatic agent and U.S. consul general at Tangier, the international territory in Morocco. Though the assignment was a comedown for a veteran of 25 years in the foreign service, Tangier is one of the few important posts where the chief of mission does not require Senate confirmation...
...Asia and U.S. inflation brought a flight from the dollar. By last week, the price of gold in free markets had soared to $42 in Paris, Zurich and Tangier, to $56 in Hong Kong, to $59 in Bombay. London's Economist estimated that in 1950 $720 million in gold (more than 85% of world production) had gone either into hiding or commercial use. Actually, much of the "commercial" gold (for jewelry, etc.) had gone to hoarders. The International Monetary Fund permits South Africa, world's biggest gold producer, to sell part of its production at a premium...
Crossed Fingers. By last week there was a significant change in the fever chart: the price of gold was dropping all over the world. In the free market of Tangier where many of South Africa's premium sales were made the price was already down to $36.90 an ounce off more than $1.50 in a month and below the level where South Africa can make its premium sales pay. In France the price had tumbled to $38.25. In Milan and Hong Kong the story was the same. All over the world, said Manhattan's Franz Pick, publisher...
Voice broadcasts in 24 languages are carried by 38 short-wave transmitters in the U.S. and 19 relay stations at Woofferton (England), Munich, Tangier, Salonika, Honolulu and Manila. Voice stations are located in some exotic places: the transmitter in Tangier stands on a sultan's former hunting domain, and the slender blue-and-white transmitters near Manila rise elegantly from damp rice paddies. In a twice-daily air assault against Russian jamming, the Voice teams up with some 30 BBC transmitters. Voice broadcasts are also carried by domestic stations in more than 50 countries, including the French government network...