Word: tourists
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Dates: during 1960-1969
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...economy of Lebanon, battered by a loss of tourist business as a result of the Arab-Israeli war, got a welcome lift on the home front last week. After a 15-month shutdown in the wake of the biggest banking scandal in Lebanese history, Intra Bank reopened its doors for business. The reopening quickly drew a crowd so large that police had to be called to control it. Not surprisingly, the throng consisted mainly of Intra Bank customers anxious to get their savings out rather than to put more Lebanese pounds...
...various as American youth itself. In general, the modern U.S. serviceman is better educated, more sophisticated, more curious about alien cultures, and better behaved than any of his predecessors-and he has more money to spend. On the average, he spends roughly $200, making a total yearly tourist bonanza for the area of some $72 million. And he may be the best-behaved soldier in history. One R & R officer stationed in Thailand, where the record shows only one serious incident for every 12,000 G.I.s who visit Bangkok, says: "The trouble rate is so low, no one wants...
Inevitably, anything that so permeates the life of a nation is bound to affect its economy. Music is a $30 million item on Austria's national and regional budgets, and it is the cornerstone of the country's biggest industry, the annual $600 million tourist trade. The Vienna State Opera's $10 million subsidy is bigger than the budget for the entire Austrian foreign service. With ten major orchestras and seven opera houses, Austria has ample opportunities for musicians, and 4,000 of its youngsters are currently studying music with an eye to sharing in the rewards...
...diplomatic chilliness, France has long maintained a warm climate for U.S. travelers with its "tourist discount." Permitting 14% to 20% discounts on items paid for in foreign cash or checks and headed out of the country, the system is unique in Europe, has spawned thriving sales of everything from cheap trinkets to Citroëns, is a major underpinning of Parisian haute couture. Now the government is moving to cool the trade with new rules that went into effect last week, tangling both tradesmen and tourists in customs red tape...
...year history. Cries for a crackdown rose this year, when the ministry discovered that as much as $20 million of the tax loss has been the result of some local larceny. Shopkeepers have been more than willing to grant illegal discounts to anyone who could pose as a tourist, including resident foreigners with checks from their home-country banks and Frenchmen using dollars and waving borrowed passports. It was time, declared the ministry, to have some "morality injected into the system...