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NATIONS are like people: no matter how much money they have, they never seem to have enough. Today the world has more capital funds for investment than ever be fore. Yet there is disturbing evidence that capital is not being created fast enough to meet the rising volume of legitimate needs. Capital is scarce and costly almost every where, and the global shortage will worsen unless two basic remedial steps are taken. First, ways must be found to develop more funds. Second, the "flow" or distribution of capital has to be sped up and improved...

Author: /time Magazine | Title: Essay: THE WHOLE WORLD IS MONEY-HUNGRY | 4/5/1968 | See Source »

...years since W. C. Handy midwifed the blues, his city of Memphis has been a passable paradigm of racial harmony and a pathfinder of Negro progress. Memphis schools are integrated. Its black citizens have voted since the early 1900s. Its white and black lawyers have been in the fore front of civil rights campaigns. So amicable has its climate been that Memphis police have never faced a serious charge of brutality. Yet last week Memphis simmered on the rim of racial rampage-a premonition in microcosm of next summer's national threat...

Author: /time Magazine | Title: Races: Memphis: Pre-Summer Blues | 3/15/1968 | See Source »

Magritte did not attempt sculpture until the very end. Still, it was a fore gone conclusion that he would succeed handsomely. His enigmatic painting evoked objects seen in the round, and his bottles, painted in the forms of women, are among the most cherished talismans of the 1930s. The eight sculptures employ ideas Magritte previously used in his paintings, gaining solidity without loss of magic. La Folie des Grandeurs derives from a 1947 fantasy showing three women's torsos, each set implausibly one inside the other. Souvenir de Voyage shows a coffin reclining gracefully on an Empire couch...

Author: /time Magazine | Title: Sculpture: Survival of the Wittiest | 2/23/1968 | See Source »

...Fore & Aft Patios. Nashville's Nauta-Line, largest manufacturer in the field, has quadrupled production of its 33-ft. and 43-ft. houseboats in the past 18 months, is now making 2,000 houseboats a year. At the River Queen Boat Works in Gary, Ind., sales have increased 100% in the past two years. Now Chris-Craft, the nation's largest cruiser manufacturer, has just swallowed its pride after three years of intensive market research and gone into houseboats with a 33-footer that costs $9,500, sleeps six, does up to 40 m.p.h...

Author: /time Magazine | Title: Recreation: Hot Houseboat | 2/16/1968 | See Source »

Aside from souped-up performance, the new houseboats continue to offer boating enthusiasts the maximum amount of space for the least money, with roomy galleys, "patios" fore and aft, and large sundecks on top. "It's almost like living in a Florida home," says Chris-Craft Sales Promotion Manager C. G. Houser. It's also great for parties. Brigadier General William Shedd, deputy director of operations of the Pentagon's National Military Command Center, uses his 34-ft. houseboat (appropriately christened the Outhouse) for entertaining afloat on the Potomac, with the number of guests limited only...

Author: /time Magazine | Title: Recreation: Hot Houseboat | 2/16/1968 | See Source »

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