Word: africa
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Dates: during 1960-1969
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Cooke focuses on minutiae. As he sees it, they tell more about a culture than the big issues that engross most journalists. Reverence for the flag, for instance. Outside of the emerging na tions of Africa, he recently wrote, scarcely any other country shows such a high regard for that symbol. U.S. laws, he was surprised to find, prohibit use of the flag for ornamentation. So when he once looked for a box of candy with a flag on it to send to his mother in Britain, storekeepers regarded him as "some kind of pervert...
...Salber had had previous experience with public health. She was born and raised in Capetown, South Africa. After graduation from Capetown University Medical School, now made famous by Dr. Christian Barnaard, she and her husband went to work in a demonstration health center in Durban on the east coast of the country. These federally-operated clinics had been founded in 1945 by Henry Gluckman, a Cabinet Minister in the moderate United Party government. (The United Party is today strongly pro-apartheid...
...Indianapolis 500 in 1965. Although he was best known for his domination of Grand Prix racing, Clark was recognized as a master of all forms of auto sport. Juan Manuel Fangio, retired Argentine ace, whose record of twenty-four Grand Prix victories Clark broke in January at South Africa, called Clark the greatest driver in the world. Clark preferred to think of himself as a sheep farmer who raced automobiles...
...highest since the 1920s. In Brazil, interest is typically calculated by the month, and rates run as much as 2½%½ monthly for prime borrowers, 5% for medium-sized companies, and 7% for consumers who make installment purchases. In large parts of Latin America, Asia and Africa, long-term capital is scarcely available at any price, and great chunks of it are hard to come by in Europe. Last week the deficit-ridden U.S. Government had to pay the highest rates since the Civil War - 6.45% - to float $730 million in bonds (see BUSINESS). Double-A corporate bonds market...
...important innovation, mothered out of necessity after the U.S. began curbing its money exports, is the big and free "Eurobond" market, which rallies currencies from many countries. Conceived and usually underwritten by Wall Street bankers, the bonds are floated for borrowers as diverse as South Africa's De Beers, France's state-run P.T.T. telecommunications monopoly, and U.S. subsidiaries abroad. They are sold to oil sheiks and other wealthy individuals, and reportedly, the United Nations pension fund and the Vatican. From almost nothing in 1963, the volume of these bonds rose to $2.1 billion last year, mostly...