Devaluation Fears Rise After British Pound Slip
AP Business Analyst notes that post 14.3 percent devaluation the crisis may worsen. Analysts warn a second, larger devaluation could occur within six to nine months. If so, world devaluations could follow as Britain struggles to show the pound buys around 2.4 dollars. The United States faces gold redemption pressures as foreign holders demand more gold than we hold.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Britain
United States
U. S
Vietnam
U.S
America
Profit Picture Clouded For British Auto Makers
Britain’s pound devaluation worsens the profit outlook for American automaker subsidiaries in Britain. Despite cheaper British exports boosting world-market price competitiveness, profits may drop as pounds convert to dollars and Britain’s sales falter. The piece notes GM Vauxhall, Ford Britain, and Chrysler stake in Rootes, with Cortina price changes outlined and broader US economic tensions cited.
MENTIONED IN THIS ARTICLE
Kit Kincade
Associated Press
Detroit
Britain
General Motors
Ford
Chrysler
Rootes Motor Co
England
Germany
Volkswagen
United States
New York
U.S
SAILORS DESERT INTREPID TELL SOVIET TV LOTS OF AMERICANS DISSENT
Four U S sailors who deserted the carrier Intrepid in Japan told Moscow television that most American servicemen do not want to fight in Vietnam. They spoke from Moscow where a peace committee is handling them, said to be resting with undisclosed whereabouts. The quartet named Richard Bailey John Barilla Craig Anderson and Michael Lindner.
MENTIONED IN THIS ARTICLE
Moscow
U.S
Japan
Vietnam
U. S
Richard D. Bailey
Jacksonville
Fla
John Michael Barilla
Catonsville
Craig W. Anderson
San Jose
Calif
Michael Lindner
Mount Pocono
Pravda
Soviet Communist Party
Intrepid
North
Soviet Union
Barilla
America
United States
Anderson
Bailey
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Business Mirror
Homer Bailey
Lewis Supply Company
North Main Street
Hmerywood
James Huggin
LTD
Mustang
Betsy Ross
Clearview
Micky
Hilo Games
Relaxa
Betsy Ross Huskie
TWO Tone Dog Asst
Plastic Monkey
Snake Charmers
Ball & Jacks
Story Books
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