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...trade stocks over a private network of teletype machines linked to a computer. A client can consult Instinct's "offer file" for any of 1,550 stocks by punching keys on his teletype, which prints out a list. If a buyer spots an offer he wants, he can instruct the computer to connect him with a potential seller to dicker over the terms. To preserve the coveted anonymity, both parties are identified only by coded numbers. A deal is closed when a trader pushes the teletype's "accept" button. Instinct began operating last December, and this year...

Author: /time Magazine | Title: Investment: The Rising Fourth Market | 10/26/1970 | See Source »

...fervent pan-Arabism, however, Gaddafi is careful to maintain Libya's assertive independence. Though he has bought more than 100 tanks from Russia, he has refused a Soviet request to establish a naval base at Tobruk that would serve Russia's Mediterranean fleet. British advisers still instruct Libya's small navy, and a dozen Libyan pilots are being trained in France to fly the 110 Mirage jet fighters that Gaddafi bought from Paris. The French may be asked to run the former U.S. air force base near Tripoli...

Author: /time Magazine | Title: Libya: Celebrating Xenophobia | 9/7/1970 | See Source »

...inescapable group, represent only a minority. And even within the minority, the beginning of a new rapport between the generations is taking place. The phenomenon is still scattered but nonetheless remarkable. It involves a mutual search for understanding in which it is the young who influence and even instruct...

Author: /time Magazine | Title: Education: When the Young Teach and the Old Learn | 8/17/1970 | See Source »

Convicted in September of 1968 of voluntary manslaughter, Newton was serving a two to fifteen year sentence in a California penal farm. However, the conviction was overturned by the California Court of Appeals on May 29 on the grounds that the trial judge had failed properly to instruct the jury...

Author: NO WRITER ATTRIBUTED | Title: Huey Newton Is Released While Awaiting New Trial | 8/7/1970 | See Source »

Under the rules, the minority party has the right to make the first motion to instruct. This option gave Jerry Ford a weapon that he used with devastating effect on the doves. He decided on a maneuver that would force the doves to lead from weakness. "I'm going to get the weakest guy on our side of the aisle to offer the motion," he told a fellow Republican. He picked Donald Riegle Jr. of Michigan, 32, a dove who Ford accurately figured would provoke maximum opposition to the doves' own cause. Riegle is a brash young second...

Author: /time Magazine | Title: Nation: How Ford Put the Lid on Cooper-Church | 7/20/1970 | See Source »

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