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...exports slipped dangerously in the spring. As a result, Britain, living beyond its means, has spent gold from its reserves to cover the gap five months in a row (at a time of the year when Britain is usually piling up gold). In world money marts, where a fraction of a cent can mean a fever crisis, the pound sterling's value has dropped from par $2.80 to $2.78 11/25, lowest point in four years. At home, the British worker's average wage has risen more than 4% in the past twelve months, while the nation...

Author: /time Magazine | Title: Great Britain: Shadowy Crisis | 7/21/1961 | See Source »

...opponents fuming. Says Ribicoff: "The A.M.A. is riding for a fall. Any organized pressure group that tries to frustrate a basic need of the people will find that no matter how powerful it is, it comes out on the losing end." Less to be expected, a sizable fraction of doctors have found A.M.A.'s hard sell a bit overdone...

Author: /time Magazine | Title: Medicine: The A.M.A. & the U.S.A. | 7/7/1961 | See Source »

Brazilians pooh-pooh any lasting effect from Quadros' flirtations behind the Iron Curtain. They argue that Quadros insists on trade first, before any serious talk of diplomatic exchanges. Of the $2 billion in paper deals drummed up in the East, realistic Brazilians expect only a fraction. Says a senior U.S. diplomat in Rio: "If Khrushchev thinks he can make a sucker out of Quadros, he's badly mistaken." Adds Foreign Minister Afonso Arinos: "Brazil will not recognize the Soviet Union offhand, and will not recognize Red China for two or three years-certainly not until it is accepted...

Author: /time Magazine | Title: Brazil: One Man's Cup of Coffee | 6/30/1961 | See Source »

...members pledge to support the College financially in the next three years. Few other classes have compiled as distinctive an academic record, ranging from a freshman nadir to an unprecedented number of degrees with Honors. Although no Harvard group could claim unity, 1961 has gained a significant fraction...

Author: By Claude E. Welch jr., | Title: Class of 1961: Disappointment To High Honor in Academics | 6/14/1961 | See Source »

...trouble with A Call on Kuprin is not that it is one more lively routine thriller, but that it is that for only a fraction of the evening. The rest of the time it is a variety of other routine things-routine Intourist comedy, routine U.S.S.R. satire, routine romance, routine sentiment. The authors have fitted their occasional thoughtfulness and sense of balance inside a framework of hackwork so that the play, in the end, has no more sustained topical value than theatrical impact...

Author: /time Magazine | Title: Theater: New Plays on Broadway | 6/2/1961 | See Source »

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