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...reach this figure, Barclays panned for gold statistics as far back as 1493, when Columbus returned with his first haul of New World treasure. The total includes all the known gold output since then-ignoring loss from wear, which is presumed to be slight-and an educated guess about recent but unreported Russian production. Despite the widespread departure from the gold standard during the early 1930s, demand for gold keeps climbing, and so does output. Last year the world's gold production reached 39.2 million oz., excluding Russia, compared with 24.2 million oz. a decade ago. South Africa alone...

Author: /time Magazine | Title: Money: The Golden Hoard | 8/7/1964 | See Source »

...copilot behind to make room for an extra passenger." The flying is still often on a wing and a prayer. A few Latin American airlines have jets and turboprops. But most of them make do with aged DC-3s and hand-me-down DC-6s and Constellations, rigged to haul everything from cattle to campesino settlers on colonization projects...

Author: /time Magazine | Title: Transportation: Lifeline in the Air | 7/31/1964 | See Source »

...output of 650 kinds of industrial products are "below world levels" of quality, and that rejects cost $200 million a year. Prague, once called "the Golden City," is a mangy metropolis of sooty streets and faulty plumbing. Everywhere signs warn "Pozor pada omitka" (Beware of falling plaster). Railroads cannot haul all the coal needed for power. "What did we use before candles?" runs a favorite joke. The answer: "Electricity...

Author: /time Magazine | Title: Iron Curtain: An Economic Mess | 7/31/1964 | See Source »

...conclusion of an accord with Red China that would swap Rumanian know-how in the field of petroleum engineering for Chinese expertise in agriculture, chemistry, and food processing. At the same time, Rumania was sounding out two U.S. firms -Boeing and Douglas- about the possibility of purchasing short-haul jet transports...

Author: /time Magazine | Title: Rumania: The Independent Satellite | 7/24/1964 | See Source »

...Haul. Son of a Kurdish mother and a Turkish father who belonged to the nomadic Kocerli tribe (hence the nickname), Kocero was born 38 years ago in a tiny, ten-house village. For a while he was poor but straight, but in 1950 he killed his brother-in-law in an "affair of honor," stole more than $250 in lire and gold coins and fled for the hills. From then on, Kocero virtually ruled what few roads there were in the southeast. In a single day, he and his band of five or six men looted 200 people by halting...

Author: /time Magazine | Title: Turkey: I Am But a Simple Murderer | 7/24/1964 | See Source »

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