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...Place Like Home. Tourism is still third, after sugar and manufacturing, among industries in the U.S. island commonwealth. But what a business. In the past four years, income from tourism has practically doubled, from $53 million to $96 million. And this year the Chamber of Commerce happily contemplates a take of well over $100 million from 550,000 visitors. Last week, at the height of the winter season, more than 80% of San Juan's total 4,000 rooms were occupied, including the suburban motels and unpretentious rooming houses. Space was so tight in the top spots that prospective...

Author: /time Magazine | Title: Puerto Rico: Caribbean Vegas | 2/19/1965 | See Source »

...rush? Certainly not the advertising; the government itself spent a scant $107,000 last year to push tourism, though the airlines and hotels upped the total considerably. First of all, it is the climate. "This is the place with the weather Miami advertises," cracks the Director of Tourism. Then there are those fast jets with their low, low air fares ($104 round trip, economy class), and the idea of having a Latin adventure not too far from home without worrying about visas-or rocks and riots. "You get a little of the Latin influence," said a blonde from Rhode Island...

Author: /time Magazine | Title: Puerto Rico: Caribbean Vegas | 2/19/1965 | See Source »

...TOURISM. The biggest public impact will be caused by Johnson's proposal to cut the amount of duty-free goods that U.S. tourists may bring home from $100 at wholesale value to $50 at retail value. Whisky, rugs, custom-made suits and other goods, which can now be shipped home as part of a tourist's duty-free allotment, henceforth will be taxed regardless of whether the tourist has spent his allotment. Projected dollar savings: about $100 million a year...

Author: /time Magazine | Title: Money: Balancing Act | 2/19/1965 | See Source »

...public service to the world, operated, as is the present canal, on the basis of guaranteed access without discrimination for all nations at fixed, reasonable rates. Panama would profit from a major share of the tolls and a powerful voice in the administration, to say nothing of greater trade, tourism, and a dozen other benefits. But Panamanians do not quite see it that...

Author: /time Magazine | Title: Panama: Canal Hitch | 2/12/1965 | See Source »

Martin, Douglas Dillon and Budget Director Kermit Gordon are lobbying for measures that would drastically affect the nation's foreign and domestic policies. Among the proposals that one or all three of them have forwarded: an exit tag of $50 or $100 per person to discourage tourism abroad, direct controls on U.S. investments abroad, a further cutback in foreign aid and, if necessary, a sharp reduction of U.S. troop strength in Europe. These proposals have been hotly debated at a series of secret meetings in the White House. The State Department is dead set against foreign aid cuts...

Author: /time Magazine | Title: Money: De Gaulle v. the Dollar | 2/12/1965 | See Source »

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