Word: tourists
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...possible. GUIDELINES. Arthur Okun, chairman of the CEA under President Johnson and a member of TIME'S Board of Economists, suggested limiting wage hikes to 5% and price increases to 2% following the freeze. The Cost of Living Council ruled that prices that fluctuate seasonally, like those of tourist hotel rooms and of automobiles during year-end sales, may change during the freeze-but price hikes may not exceed the seasonal increases during the same period...
This week, after 32 years of restoration, a third of the 400 rooms of the Great Harem, which in the past were rarely seen by any but sultans, concubines and eunuchs, are to be opened as a tourist attraction. The restoration, a labor of love that also serves the political purpose of showing modern Turks the decadence of the old regime, is to continue indefinitely...
Switzerland's travel posters and brochures still stress the majestic mountains and many lakes that over the years have lured millions of summer tourists to the tiny nation. Recently, however, there has been a subtle change in what the tourist literature portrays. While the brochures still contain scenes of happy vacationers strolling near or boating on lakes, some of them no longer show swimmers in the water. Reason: some of the most famous Swiss lakes are now badly polluted...
...been as angry and insulated as Peking itself. Now, following China's lead, Albania is gradually looking outward. It has established trade and diplomatic relations with its long-estranged neighbors, Greece and Yugoslavia, and an expanding list of other West European nations. It is even building a few tourist hotels for those who want to view socialism in the raw. Most Americans are still barred, but TIME's Robert Kroon, traveling on a Dutch passport, recently visited the "land of the eagles," as the Albanians call it, and cabled this report...
...buoy up the price of the dollar if it fell below an undisclosed "base level," the Swiss franc merely wobbled fretfully anywhere from 1.2% to 2.8% above its normal dollar exchange rate. In Paris, where a complex two-tier system separates fixed-rate international trade and business dollars from tourist and capital investment dollars, the U.S. currency stayed within 3% of parity for free-floating transactions. In London, the pound reached only 3% above parity. With pressure on the yen relieved, however, Europeans grew concerned that their own currencies might become the new target of international speculation. As a precaution...