Word: tokenized
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...lure his customers abroad with all the comforts of home, Trippe is promoting an $80 million chain of eleven tourist hotels. Local capital is financing them, but Pan Am's Intercontinental Hotels Corp., holding a token 1% interest, will run them. Costing $5 to $10 million each, they will dot South America, with more to be built later in Europe, the Middle East and Africa. One in Montevideo is almost finished; others are abuilding in Caracas and Bogot...
Resignations & Refusals. Meanwhile, the army collected a fresh token of prestige as the War Minister, General José Humberto Sosa Molina, was named to the new post of Defense Minister, in charge of air, naval and ground forces. Army pressure unquestionably had been a decisive factor in forcing onetime Economic Czar Miguel Miranda out of office and probably could do the same thing to Perón, if the army chose to. At week's end, Buenos Aires sources reported that the President had already suggested that he resign, only to be told to stay where...
...return for construction work and repair jobs at scattered weather outposts, the government will pay a token wage of one dollar a day and provide living expenses for properly qualified candidates. The expedition will leave Boston on July 15 and return on September...
...insisted on a U.S. promise that it would go to war in their support. Later they had compromised, comforting themselves with the fact that between them and the Red army were U.S. occupation troops in Germany; presumably the U.S. would fight if its own forces were attacked. No such token shield protected Scandinavia, Western Europe's left flank...
...American Independent Oil Co., which last year won the oil concession to Sheik Ahmad's half of the neutral zone (TIME, July 19), sent him a token of gratitude: a 195-foot diesel yacht, complete with 25-man crew, dishes, linen, and a sheep pen on the upper deck. "There's nothing elaborate about it," said American Independent's President Ralph Davies. "It's merely in good taste, and appropriate. He's the ruler of a country; he can't be expected to ride in a rowboat...