Oil nations may seek substitute currency if dollar falls
Iran's Prime Minister Jamshid Amouzegar warns major oil producers may ditch the dollar for oil payments if the greenback weakens further. He notes OPEC could raise prices yearly, considers a basket of currencies, and cites SDRs from the IMF as a potential alternative. Other OPEC members include Saudi Arabia, Iraq, Kuwait, Venezuela, and Libya.
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Tehran
Iran
Jamshid Amouzegar
U.S
United States
World Bank
International Monetary Fund
Organization of Petroleum Exporting Countries
Saudi Arabia
Associated Press
Amouzegar
OPEC
Algeria
Iraq
Kuwait
Venezuela
Test Your Declarer Play in Goren and Sharif Bridge
A 1978 Chicago Tribune bridge problem analyzes a four spade contract after a heart lead. The article explains declarer missteps, optimal play, and the key entry to dummy, highlighting that the early heart continuation is the critical error to spot.
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North
Declarer
East
West
Atlantic City Opens First Legal Casino Outside Nevada
Resorts International unveils its casino on the Boardwalk in Atlantic City with 893 slot machines and 60 blackjack tables after a unanimous New Jersey Casino Control Commission certificate. Gov. Byrne hails revival as thousands crowd the premiere amid a decade of decline and unemployment.
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Atlantic City
N.J
Resorts International Hotel
Nevada
New Jersey Casino Control Commission
Bahamas
Chalfonte-Haddon Hall
Queen of Resorts
Brendan Byrne
FTC Rules Advertising Eyeglass Prices Across States
The FTC issued its first industry wide ruling allowing price advertising for eye exams and glasses, citing price variation up to 350 percent. It targets state laws and professional groups that restrict such advertising, with about 40 states affected. The American Optometric Association plans to appeal, arguing federal overreach.
MENTIONED IN THIS ARTICLE
FTC
American Optometric Association
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