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Since President Nixon's detente with the Soviet Union, many American companies have moved to increase their trade in the Eastern tier. They have found themselves competing with Western European firms already well entrenched there. The Eastern European countries are perennially short of convertible currencies and therefore are highly price conscious. This is one field for U.S. exports that may benefit substantially from devaluation of the dollar, provided U.S. companies supply the Eastern market direct, rather than through their European subsidiaries...

Author: /time Magazine | Title: THE ECONOMY: Soaring Growth, Spiraling Inflation | 3/12/1973 | See Source »

...most famous theatrical families; of cancer; in London. Descended from a 19th century clan of classical actors and the daughter of Ben Webster and Dame May Whitty, Webster served her own apprenticeship as a performer on the London stage during the '20s. She found her métier, however, as a Broadway director more than a decade later, and her major triumphs of the '30s and '40s (Richard II, Hamlet, Twelfth Night) made Shakespeare a New York box office success...

Author: /time Magazine | Title: Milestones, Nov. 27, 1972 | 11/27/1972 | See Source »

...rare occasion that could bring together Lucille Ball, Rowan and Martin, and Flip Wilson as Geraldine in a bunny outfit-an anniversary party at the Beverly Hills Hotel in honor of Johnny Carson's ten years as host of the Tonight Show. After receiving an eleven-tier cake almost twice his height (5 ft. 11 in.), Carson startled his guests by announcing: "A lot of columnists have been asking why me and my gal haven't set a date for the wedding, so I think I will tell you that we were married at 1:30 this afternoon...

Author: /time Magazine | Title: People, Oct. 16, 1972 | 10/16/1972 | See Source »

Thieu-Teared. One of the latest approaches is a U.S. proposal for a "two-tier" government for South Viet Nam. One Saigon government would control the non-Communist portion of the South and another would run the Communist-held parts-perhaps including all or most of Quang Tri and Binh Dinh provinces and a slice of Military Region II along the Laotian border...

Author: /time Magazine | Title: The World: The Two-Tier Plan | 8/21/1972 | See Source »

BELGIUM. As in France, there is a two-tier foreign exchange market that makes speculation in the Belgian franc expensive. Banks cannot increase their lending to nonresidents above the level of last March 9, and there are restrictions on payment of interest on some foreign-owned bank accounts...

Author: /time Magazine | Title: INVESTMENT: Danger of Creeping Controls | 7/24/1972 | See Source »

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