Word: touristic
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Dates: during 1950-1959
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...alternative to these subsidies is for the U.S. to cut exports-and thereby reduce other people's standard of life-or to cut tariffs, encourage imports and American tourist expenditure overseas, and balance the nation's exports with imports. Reed left his audience in no doubt as to which course he would choose: "Has it become easier for us Americans to give away our natural resources, our manufactures, our services, our capital, our taxes and our purchasing power than to think? Wouldn't we help other nations raise their standard of living ... far more by really trading...
...broadcast the judge gave his decision: "Not proven." So the canny Highlanders may still amass tourist shillings, and Britons may still believe, if they want to, that their crowded island has a fresh-water monster...
...Chubb Crater and the lake that now fills it will never be a handy tourist attraction like Arizona's meteorite crater near Canyon Diablo. It is close to Hudson Strait, on a granite plain so desolate that even arctic animals prefer to live somewhere else. Discovered by Prospector Fred W. Chubb (who noticed its telltale circular shape in an air photo), it was briefly explored by Geologist Meen in the summer of 1950 (TIME, Aug. 14, 1950) with inconclusive results. He decided that it had not been caused by a volcanic explosion or glacial action; but there...
...distant days of Bretton Woods, the world's leading economists foresaw no such serious dollar shortage as later developed. Instead, they visualized a series of sharp, short fluctuations in the trade balances of the participating nations-just temporary deficits resulting from a bad crop here, a bad tourist season there. Ailing nations could be tided over these rough spots with loans, though Congress stipulated that the loans could only be for short terms. Hence, when the long-term dollar crisis arose, the billion was almost useless. The fund's last loan, made 18 months ago to Brazil...
...chalets below it (including one of Hitler's and several for smaller Nazis), but left unharmed Hitler's high-perched eyrie, with its wide view of the white-tipped Austrian Alps. Since then verboten territory to Germans, the Berchtesgaden villas have been a red-hot G.I. tourist attraction. Souvenir hawkers have stripped them, selling tiles from Hitler's bathroom to G.I.s at 5 marks ($1.20) apiece. Before handing back the mountainside to the Germans, the Army wanted to be sure that it would not become a neo-Nazi shrine. Last week the Bavarian state government agreed, decided...