Word: traded
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Dates: during 1960-1969
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Spanish checkpoint on the border. Last week Spain dealt the colony the cruelest jab yet. At the border, Spanish police swung two heavy iron gates across the road and turned a key in a rusty padlock, halting all vehicular traffic and overland trade between Gibraltar and the mainland...
...Federal Trade Commission promised to investigate whether supermarket promotional games inflate food tags. All this gave the impression that food prices have climbed 4% in the past twelve months simply because the supermarkets are grossly profit hungry. The retailers do share some of the blame. But they constitute just one element in a complex mixture of ingredients-including Government policies and rising wages -that make up food cost...
With his own franc weakening on world markets, General de Gaulle has suspended his offensive against Fort Knox-for a while. He had been consistently chipping away at U.S. gold reserves by buying bullion with the dollars that France earns from trade and tourism. In October, for the first time since early 1965, the French failed to make their regular monthly conversion of $34 million into gold. Reason for the shift: rising imports of goods and outflows of capital are cutting into France's once hefty balance of payments surplus. The country has few dollars to spare...
...main effect of the three-month-old Wilson squeeze has been to pinch vital private capital investment much harder than most Britons had expected. The government's Board of Trade last week predicted that investment will drop 7% or 8% next year. The Confederation of British Industry expects an even worse fall-15% to 25% during the next twelve months...
Another limitation on the autonomy of Canadian business is the obligation of American companies to obey American laws. Despite strong protests from Washington, Canada has maintained trade relations with Cuba and mainland China. American business, however, is prevented by the Trade with the Enemy Act from dealing with either of these countries, and parent firms are generally unwilling to allow their Canadian subsidiaries to do so either...