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Said he: "The Russian people do not fully understand the character of the Congo problem. This lack of understanding is probably due to the absence of presentation of the other side of the coin. I am saying all this with a heavy heart because diplomacy demands honeyed words. I am not a believer in honeyed words." His hosts, who are somewhat higher on honey, carefully strained U Thant's acid out of all internal news broadcasts. About all that was left was Radio Moscow's assurance that U Thant "is full of gratitude to the people...

Author: /time Magazine | Title: United Nations: Thanks for Nothing | 9/7/1962 | See Source »

Though the business of Africa and the Mideast is now largely conducted in a bewildering variety of new national currencies, many back-country people in both areas still prefer to make their deals in a coin that their ancestors have bartered with for nearly two centuries...

Author: /time Magazine | Title: World Business: The Fat Lady | 9/7/1962 | See Source »

...coin was large (1⅝in. diameter), and among Arabs and Africans, who prize ample women, the profile of the Empress' thrusting decolletage was almost as ap pealing as the thaler's 23.4-gram silver content. So great was the demand for the coin that even after Maria Theresa's death the Vienna mint continued to make thalers, which, to convince untutored natives of their authenticity, were stamped 1780, the year the Empress died. Decade after decade, thalers continued to tinkle at bazaars from Istanbul to Yemen. Islamic missionaries carried the coins into Africa, where traders used...

Author: /time Magazine | Title: World Business: The Fat Lady | 9/7/1962 | See Source »

Says a rival publisher: "Sir Frank will stop at nothing to save a quid or earn one." Yet he has been known to bet $7,-ooo on the flip of a coin, and some of that same compulsive gambler's plunge led him to challenge for the America...

Author: /time Magazine | Title: Sport: Grim Duel at Newport | 8/24/1962 | See Source »

Last April's steel crisis brought screams from businessmen that the U.S. Government under President Kennedy and Labor Secretary Arthur Goldberg is meddling too much in labor-management matters. But there is another side to that coin. And last week A.F.L.-C.I.O. President George Meany sat down at a lunch with Washington newsmen and criticized the Administration in terms remarkably similar to those voiced by many corporation presidents...

Author: /time Magazine | Title: Labor: The Right to Quit | 8/17/1962 | See Source »

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