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Tougher for Speculators. The welcome calm was fostered both by Viet Nam peace hopes and by the previous weekend's international agreement in Stockholm on the creation of paper gold to bolster the world's monetary system. Three new restrictions imposed by the Bank of England, which regulates British financial dealings, also made trading tougher for speculators. The bank forbade sales of gold for future delivery, barred banks or gold dealers from lending foreign currency to nonresidents to finance gold buying, and even prohibited them from accepting gold as collateral for loans in foreign monies. For their part...

Author: /time Magazine | Title: Gold: A Welcome Calm | 4/12/1968 | See Source »

Cover & Forays. Thailand-based U.S. bombers are providing direct air support to the Royal Lao in their firefights with the North Vietnamese army. U.S. trained Thais sometimes fly Lao planes and man Lao artillery in order to bolster the anti-Communist defenses, dressing in Lao uniforms. Air America and Continental Air Services planes ferry ammunition, boots, radio gear and food to the Lao forces, as do unmarked helicopters piloted by Americans. Air America planes are dropping $3,500,000 worth of food a year to some 125,000 refugees at 86 remote sites-refugees who might otherwise have to turn...

Author: /time Magazine | Title: Laos: Hanoi's Second Front | 3/22/1968 | See Source »

Early last week, the Soviet Union, obviously seeking to bolster its image on the Dark Continent, stridently denounced the International Olympic Committee and more specifically its president, multi-millionaire Avery Brundage. Letting South Africa participate, the Soviet's Olympic Committee said, would be "an impermissible act which contradicts the basic principles of the Olympic statute...

Author: By Richard D. Paisner, | Title: Politics and Olympics Clash in '68 | 3/12/1968 | See Source »

...concerned with such qualities as low sodium content (for heart patients) or fluoridation (bottlers generally offer water with or without). "Let's face it," says President George Schmitt of Chicago's Hinckley & Schmitt, "bottled water has a certain amount of snob appeal-and a health image." To bolster his appeal to gourmets, Schmitt employs a full-time home economist to advise housewives and conjure up recipes for everything from soup to marmalade...

Author: /time Magazine | Title: Industry: Away from the Tap | 2/16/1968 | See Source »

...first glance, that would seem to bolster the case for conglomerates, since such acquisition-minded companies argue that their diversification activities are the best hedge against cyclical swings in a single industry. But conglomerates can have slumps of their own. Litton Industries, a pioneer that chalked up an impressive round of sales and earnings records during fiscal 1967, has announced that its latest quarterly profits (for the three-month period ending Jan. 31) will be "substantially lower" than expected. Much of the blame was laid on management "deficiencies," and Litton said that the problem has now been corrected...

Author: /time Magazine | Title: Earnings: Cycles & Slumps | 2/9/1968 | See Source »

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