Word: copenhagen
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Dates: during 1960-1969
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...Copenhagen...
Progress in the North. Meanwhile, in Copenhagen, the Scandinavians were making substantial progress toward creating their own economic alliance. After two weeks of final and frenetic discussions, representatives of Norway, Denmark, Sweden and Finland emerged with a detailed blueprint for a Nordic Economic Community, dubbed Nordek. The draft agreement must still be ratified by the respective Scandinavian parliaments, and there were still difficult compromises to be worked out -notably on dairy products, meat and fisheries. Even so, the consensus was that surprisingly good progress had been made. Targeted by its drafters to go into operation Jan. 1, 1971, Nordek would...
That view won official seconding from President Nixon's chief economist, Paul McCracken. He told the convention of the American Bankers Association in Copenhagen that bankers had continued "for too long making commitments to lend," when funds were obviously not going to be in limitless supply. Because of their "tardiness" in responsibly allocating credit, McCracken charged, the bankers set back the Government's timetable for slowing down inflation...
...Washington, Treasury Secretary David Kennedy sent a long-distance rebuke to some of the bankers, who had been talking freely in Copenhagen about ordering still another rise in the prime rate. Kennedy defended the latest increase but told bankers that in the future they had better "find other methods to make those difficult credit-allocation decisions." The clear warning from Treasury: No more increases. Meanwhile, the Federal Reserve Board is considering telling U.S. bankers to "voluntarily" limit their loans to the total that they now have outstanding...
...Brioni of Rome. Their shirts are all of fine white oxford cloth sewn to Fielding's own design (handmade buttonholes, extra-long French cuffs) by a Majorcan shirtmaker. Their ties are regimental-striped and made in Italy. Their topcoats of blue vicuŅa are cut by English House in Copenhagen. Even their techniques are triplicate...