France moves to float franc triggering wider European tension
France’s decision to devalue and drift its franc from the fixed EC rate raises fears of a domino effect in the European Economic Community. A devalued currency boosts export competitiveness but threatens currency stability, prompting concern among monetary authorities about costly interventions and gold reserves. France’s heavy gold holdings loom as a shield amid fears Arab oil producers may demand payment in gold.
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New York
France
European Economic Community
Valery Giscard d
London
Paris Money Exchange
National Crime Suffers From Leadership Loss
Washington AP reports that U S organized crime leaders face internal disarray as bosses are jailed. William S Lynch notes prosecutions disrupt mob structures, with New England Midwest New York and Miami most affected. Despite prison influence, many inmates return to professional crime after release.
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Washington
Justice Department
William S. Lynch
Coun
New England
Midwest
New York
Miami
Blind College Grad Seeks Math Doctorate Despite Vision Limits
Ross Cirincione, an almost blind UC Berkeley doctoral student in applied mathematics, says few visually impaired people reach their potential. He cites reading with magnifiers, taping lectures, and borrowing notes while aiming for a career as a research mathematician. He credits supportive parents who stressed education and rewarding work.
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Berkeley, Calif
California
Cirincione
Cleveland
Ohio
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