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...cash from the banks (v. up to 7% through American Express). In parts of the Midwest, competition has driven the rate down to 3%, but even that is not quite low enough to attract major retailers, who have a heavy investment in their own credit setups. President M. E. Arnett of Los Angeles' Bullock's Magnin suggests that at a 2½% discount department stores might well join up. Meantime, bank cards are helping many small shopkeepers to lift their sales-to the discomfiture of their competitors...

Author: /time Magazine | Title: Credit: Easy Go | 4/21/1967 | See Source »

...Saigon press corps are concerned, on any military operation, the girls inevitably become a hindrance. "Still," admits A.P.'s Peter Arnett, "it's a delightful change to have them around." A few of the more delightful of the species...

Author: /time Magazine | Title: Correspondents: Femininity at the Front | 10/28/1966 | See Source »

...darkness as electric power lines and street lights were shorted by flames. Negro snipers manned the rooftops and began shooting at random in the dark. Police tried desperately to herd people off the streets to protect them from crossfire between snipers and police. One young Negro woman, Mrs. Joyce Arnett, was searching frantically for her children when policemen pushed her into an apartment building. Hysterical, she ran to a window and screamed into the chaos below: "My God, I want to go home to my kids!" A bullet smashed into her head, killing...

Author: /time Magazine | Title: Races: The Jungle & the City | 7/29/1966 | See Source »

...dozen have been seriously wounded, and nearly 100 have been nicked. Sheer endurance is a useful skill. "You pay dearly for a misspent life of martinis and cigarettes," says New York Timesman Charles Mohr. "And when you finally do arrive, there is the possibility that you will find Peter Arnett or Horst Faas of A.P. there ahead...

Author: /time Magazine | Title: Foreign Correspondents: Covering Viet Nam: | 6/10/1966 | See Source »

...Arnett and Faas are a curious double threat. Arnett is a four-year veteran of the war's slog. Though a correspondent, he has also taken outstanding pictures. Faas is the war's top photographer, but he reports so well that his colleagues immediately debrief him after a mission and send out stories under his byline. Since A.P.'s primary job is the day-to-day detailing of events, Arnett and Faas spend most of their time in the field; they have seen more fighting than the average G.I., know more about scrounging rides than any dozen...

Author: /time Magazine | Title: Foreign Correspondents: Covering Viet Nam: | 6/10/1966 | See Source »

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