Word: france
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...most interesting of the Dulles family was Eleanor, an intelligent and independent woman forced to work all her life in her brothers' shadows. In 1926 her doctoral thesis at Radcliffe was published under the title The French Franc. John Maynard Keynes declared it "the best book on monetary inflation that I know." After World War II, Eleanor played a major part in helping Austria reorganize its economy...
...France's business community was showing signs of profound alarm at the prospect. Capital investment has come to a virtual standstill because of business worries about the sweeping nationalization programs advocated by the Socialists and Communists in their ill-named (the two parties still differ greatly as to the details) Common Program. Two weeks ago, the franc took a dizzying plunge on European money markets as a result of what Barre termed "psychological factors explained by political uncertainty...
Although the franc rallied last week, it continued its headlong flight abroad. Mitterrand claimed that 500 billion francs ($100 billion) have been illegally exported to Switzerland. Though the claim was exaggerated, more and more apprehensive citizens were getting their money out of the country or hoarding gold-the Frenchman's historical hedge against political uncertainty. Most popular were the one-kilo ingots (currently worth $5,738), which fit nicely under mattresses, and the small $62 Napoleon d'Or and minuscule $46 demi-Napoleon coins, which can be conveniently secreted-and transported -in the traditional sock. In the past...
...seemed at first; the rally that followed the Treasury-Fed announcement was one for the record books. On Thursday morning in Zurich, the dollar opened 1% up in value against the Swiss franc from the previous day. the sharpest overnight dollar rise ever recorded there. In Frankfurt, where the dollar had sagged to a record low of 2.07 marks during its autumn-long slide, it abruptly recovered to nearly 2.16, also a record rise. In Tokyo. where the dollar had fallen to a postwar low of 237 yen on Wednesday, it promptly rebounded...
...Living costs abroad. Americans traveling or residing overseas have felt the effect of the dollar's drop most immediately and directly, especially in such countries as West Germany and Switzerland, where the greenback's decline against local currency has been severe. In Switzerland the franc has risen 25% against the dollar in the past year. A tourist couple may well spend $45 for a not particularly lavish dinner with a bottle of wine, v. $36 a year ago-even though the price of the meal in Swiss francs has not changed. In West Germany, where the inflation rate...