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Though pure gold coins were first minted by King Croesus of Lydia (modern day western Turkey) in the 6th century B.C., a gold-backed currency is usually traced back to 1717, when Sir Isaac Newton, then Master of the Mint, fixed the value of the pound sterling at about .24 oz. of gold. For the next 200 years, except when it was briefly suspended during the Napoleonic wars, the gold standard made the pound the world's most trusted currency and helped Britain dominate world finance and trade...

Author: /time Magazine | Title: The Legacy of King Croesus | 6/22/1981 | See Source »

...frightening complexity, prison routine may prove deadening. Harris will rise at 6:30 a.m. and eat a breakfast of cereal, fruit, toast and occasionally bacon and eggs. Then she will do manual work: cleaning, floor mopping, dish washing. For clothes, she can choose between jumpers and slacks of mint green, yellow or beige. Luncheon and dinner entrees include meat loaf, Swiss steak, stuffed cabbage and similar hearty fare not common to the Tarnower table. In the evenings she will be allowed to wear her own blouses, stockings, shoes and a watch (if it is not worth more than...

Author: /time Magazine | Title: No Way to Treat a Lady | 3/9/1981 | See Source »

...Southern Writing. There is none of the harking back to the rural past--for the South has grown, and the oral tradition has given way to a howling one. It is the sound, not of yarns spinning off into the night air, but of men who have chucked the mint julip at their wives and are skyrocketing down the interstate with the top down, their voices drowned out by the rush of the slipstream. It is the voice of the self-conscious who have adopted customs for no good reasons, in a nation which needs that sort of thing...

Author: By Thomas Hines, | Title: Sabres, Gentlemen, Sabres | 2/24/1981 | See Source »

...unusual convoy. Three armored tractor-trailers were bound from the Denver Mint to the Bank of America in San Francisco last week with a $2.6 million cargo. When they stopped for the night in Oakland, Calif., at the Edgewater-West Adult Motor Inn, known for its X-rated movies, three bandits broke into one of the trucks. The driver on guard saw them only in time to fire his revolver at a Lincoln Continental speeding away...

Author: /time Magazine | Title: Americana: Spare a Dime? | 11/24/1980 | See Source »

...hydrogen ions. Percy's reduction of the alienated condition of man to a manageable chemical problem mocks not only all his own best writing but also some very intelligent philosophy which he has previously raided for the substance of his own work. Perhaps the self-appointed Kierkegaard of the mint julep golf circuit would blame his intellectual forebear's disaffection on anemia...

Author: By Scott A. Rosenberg, | Title: Anticlimactic Apocalypse | 9/15/1980 | See Source »

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