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WEST GERMANY. Starting this month, commercial banks are required to leave in reserve with the Bundesbank up to 40% of foreign-owned deposits, thus immobilizing large sums of otherwise lendable funds. To keep inflation-breeding currencies out, German-based corporations must deposit with their banks, at no interest, 50% of any funds that they borrow abroad. Last week the central bank asked commercial bankers to refuse to sell mutual fund shares, bonds and other fixed-interest securities to nonresidents, who would likely pay for such investments in weak currencies. If bankers do not abide by the request, officials warned, further...

Author: /time Magazine | Title: INVESTMENT: Danger of Creeping Controls | 7/24/1972 | See Source »

Labor relations on the kibbutz sound like a factory manager's version of The Impossible Dream. The factories pay no wages to kibbutz members, though they deposit their profits in the treasury that maintains the collective farm. The workers nevertheless labor hard-kibbutz factories raised their productivity an imposing 11% last year -and none has ever gone on strike. The kibbutz plants consequently keep prices extremely low: high school and college lab equipment is sold in the U.S. at 20% below the price charged by American companies, and plastic flushing systems for toilets are sold in Africa...

Author: /time Magazine | Title: ISRAEL: Profits on the Kibbutz | 7/3/1972 | See Source »

...work shown here, from Seymour Rosofsky's clumsy paintings to more overtly "aesthetic" objects like Don Baum's lumpen-surrealist assemblages of dolls' limbs or Cosmo Campoli's inert tributes to Brancusi, is a wretched thesaurus of cliches. But subtract them and a deposit of vitality remains...

Author: /time Magazine | Title: Art: Midwestern Eccentrics | 6/12/1972 | See Source »

...husband supervised loans and scouted for mergers, Mrs. Sandler concentrated on attracting savings depositors. Particularly to woo women customers, she put originally commissioned works of art into every branch and offered tired shoppers a cup of coffee and a lounge. She also lured depositors by giving them free safety-deposit boxes and traveler's checks at no extra cost. Result: since 1963, Golden West's assets have expanded from $35 million to $500 million, and it has grown from two branches...

Author: /time Magazine | Title: EXECUTIVES: Four Who Made It | 3/20/1972 | See Source »

...quickly collects a full load of south-side passengers and drops them off at a comfortable waiting room, where regular buses pick them up for the ride to Regina's downtown area. In the evening, the Telebuses pick up returning workers at the waiting rooms and deposit them at their doorsteps...

Author: /time Magazine | Title: Modern Living: Dial-a-Bus | 3/6/1972 | See Source »

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