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...deficit grows out of the nation's vast commitments around the world-and the insatiable wanderlust of millions of its well-heeled citizens. In 1967, the outflow turned to a flood-between $3.5 billion and $4 billion. Major factors included the tourist rush to Canada's Expo 67, the outpouring of private funds to finance Israel's costly war, the slowdown in Europe's economies and, most important of all, Britain's devaluation of the pound, which caused a speculative rush for gold and put intense pressure on the gold-backed U.S. dollar...

Author: /time Magazine | Title: The Economy: Stanching the Flood | 1/12/1968 | See Source »

...freedom given to the new film makers is being expended largely on "adult" themes-which means, of course, lots of sex. But more than nudity and frankness is involved. A proliferation of new techniques-multiscreen, three-dimensional, the 360° projection of Expo 67-are already beginning to find their way into Hollywood productions. The Boston Strangler is being shot with multiple images. One scene shows at the left an elderly woman watching TV; at bottom center, a detective interviews a witness; on the right, the strangler drives his car slowly through the streets to the elderly woman...

Author: /time Magazine | Title: Hollywood: The Shock of Freedom in Films | 12/8/1967 | See Source »

Contractor Henry B. Zachry borrowed the basic idea for his instant-construction technique from Expo 67's Habitat, a twelve-story Montreal housing complex built of prefabricated concrete apartments piled up like children's blocks. The method promises to cut construction time on Zachry's $10 million, 445-room hotel from a normal twelve months to eight. And only by such a speedup could the hotel be completed in time for the April opening of San Antonio's HemisFair '68, of which Zachry is chairman. Though he estimates that so far the technique itself...

Author: /time Magazine | Title: Building: Instant Hotel | 11/24/1967 | See Source »

...Expo was the fair of films; a visitor could have spent the entire six months watching movies and still not have seen them all. Francis Thompson's We Are Young at the Canadian Pacific pavilion drew 2,500,000 viewers. Mixing live actors and film, the Czech pavilion's small, 150-seat theater managed to pack in 67,000 to see its Kino-automat, and almost 20,000 viewers fainted or grew queasy at Meditheater's visceral show. Live performers also did well. World Festival troupes played to an audience of 2,136,400. In all, fairgoers...

Author: /time Magazine | Title: Fairs: Goodbye to Expo | 11/3/1967 | See Source »

Despite its success, Expo may still wind up with a $250 million deficit. But as far as Montreal and Canada are concerned, it was worth it. For the fair leaves behind a splendid legacy of international good will and national pride-not to mention an embarrassment of riches. Thirty-six nations have already agreed to hand over their pavilions to Montreal, and Mayor Jean Drapeau, the originator of Expo, is casting about for ways to make the island sites into a permanent summertime exhibit and tourist attraction. Among his envisioned lures: Buckminster Fuller's U.S. geodesic dome, converted into...

Author: /time Magazine | Title: Fairs: Goodbye to Expo | 11/3/1967 | See Source »

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