U.S. Banks Signal Confidence Amid Pound Devaluation
The AP analysis notes that official reassurances after the 14.3 percent pound drop are largely for show. It warns of potential second currency crises, possible gold outflows, and a spillover into inflation, interest rates, and investment choices in the United States.
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New York Moscow Flights To Start
The Soviet era Aeroflot IL 62 jet will begin regular New York to Moscow service on about December 15. Dmitri I Petrov head of a Soviet technical delegation said talks in Washington with the FAA went well and some questions with the Port Authority and Pan American remain to be resolved.
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Conservatory Plans Centennial Start With World Premiere
The Conservatory of Music in Cincinnati opens its centennial celebrations with a $5 million dedication today on the University of Cincinnati campus. A world premiere by Norman Dello Joio titled Proud Music of the Storm features chorus and brass in an experimental arrangement. The event marks a milestone for the historic music school as it begins its hundredth year.
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