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...wake of the international monetary system's recurring crises, European governments are erecting ever stricter controls on the flow of capital across national boundaries. The most recent furor, caused by Britain's decision to unhook the pound from a fixed value and let it fetch whatever the market will bring, has brought on yet another spate of regulations. Their purpose is understandable: to keep out the flood of homeless, speculative cash -much of it in irredeemable dollars -that can make a betting game out of currency values and disrupt nations' economies in the process. The growing danger...

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

Humphrey each fetch up 300 or 400 delegates short of the nomination. "In the absence of a first-ballot nomination for McGovern," says one Democratic official, "Wallace and his votes could be a major factor in determining what happens on the second ballot...

Author: /time Magazine | Title: The Nation: George Wallace's Appointment in Laurel | 5/29/1972 | See Source »

...sign a contract to mollify her. In the contract, he promised to make the bed every morning, pick up his clothes, take out the garbage every other day, write a bimonthly letter to his family, fix breakfast every weekend, devote one weekend a month exclusively to his wife, fetch calorie-laden treats for her without teasing, clean up his own kitchen messes and empty the dishwasher, plan and cook one "nice" dinner a month-and let Jo-Ann choose the next new car. Bob signed, the contract was hung on the refrigerator, and Jo-Ann promptly turned into...

Author: /time Magazine | Title: Modern Living: New Marriage Styles | 3/20/1972 | See Source »

...harmony or in discord. The counterpoint plays clearly as the teenaged, peasant-raised girl describes an uncomfortable visit with her father's friend, T.S. Eliot, as she is waiting for her father's release from America. "The room and his words felt chilly. After a while he went to fetch some tea....And stooping, he returned carrying a small tray with two cups and a tiny plate of very thin, very dry Saiva biscuits. And I inwardly: I wish I could give him some bread and butter....I had met a great man, and Loneliness...

Author: By William S. Becket, | Title: Growing Up With Ezra Pound | 9/27/1971 | See Source »

Diamonds may still be a girl's best friend, but women are also developing an insatiable fondness for emeralds. Demand for the soft, veined, green jewels has risen so appreciably that prices have more than doubled in the past five years; the finest quality stones now fetch as much as $3,000 per carat wholesale, on a par with diamonds. What buyers do not know is that they are almost certainly, if unwittingly, contributing to the prosperity of one of the world's most lucrative-and bloodiest-illegal businesses. Some 90% of all emeralds come from Colombia, where...

Author: /time Magazine | Title: COLOMBIA: Emeralds and Bullets | 7/12/1971 | See Source »

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