Word: tourisme
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...more for Volkswagens, Sony TVs, Givenchy dresses, Swiss watches and all other imports because the prices set for those goods in marks, yen and French and Swiss francs will be higher in terms of dollars. Similarly, the American travelers' dollars will buy less abroad, so the cost of tourism will rise. On the other hand, the foreign-money prices of American coal, computers, jet planes and other exports will drop. Eventually, the U.S. hopes, its exports will rise enough, and imports will be held back enough, to bring the nation's foreign payments into balance...
...apparently dropped its 100-year-old claim to North Epirus, a large chunk of southern Albania populated by many Greeks. The two countries, which since 1940 had icily ignored one another and kept their mutual border tightly closed, are now expected to undertake joint ventures in promoting trade and tourism...
...President of the United States would get cracking and get out of Viet Nam, then follow up with currency restrictions on industry and tourism, the U.S. balance of payments would become favorable and the latest dollar crisis would disappear. Instead, President Nixon has chosen to commit economic aggression against the United States' closest friends, allies and, most importantly, its best customers. Why? Simple. We Canadians, the British, French, Japanese and others cannot vote, while U.S. industry greases the electoral machine with money and American tourists do have a vote...
...thanking the citizens of Ottawa for "the hospitality they have shown us." Later, Kosygin was carefully cocooned by security men as he toured a research center and a pulp factory outside Ottawa, and met with businessmen in Montreal before flying off to Vancouver and Edmonton for some high-level tourism...
Mild Boom. Haiti now pays its foreign debts promptly, in contrast to its dismal credit record in the past. Foreign investment is encouraged, and Haiti is enjoying a mild business and tourism boom, thanks in part to a new quickie-divorce law that allows anyone to get a decree in 24 hours, for $825 and up, including air fare from New York City (TIME, Aug. 30). To meet the demand for hotel space, the government last month called in leaders of the local Italian and Lebanese communities and ordered them to foot the bill for two new hotels. The casinos...