Word: moneymen
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...fastest-growing major crime in the U.S. is not murder, rape or mayhem. It is bank robbery, an increasing frustration for the nation's moneymen. The problem extends from Washington, D.C., where a bank 100 yards from the White House grounds was looted last December, to North Hollywood, Calif., where one bank was recently hit twice in the same day. Last year U.S. banks reported 1,840 robberies, four times the number in 1960. The average bank robber is a lone amateur in his mid-30s. He has an 86% chance of fleeing the bank, but the FBI says...
...other half at a higher price on the free market. At the same time, the world's monetary authorities would put a floor under the gold price by agreeing to buy South Africa's bullion if and when the free-market price ever falls below $35. Continental moneymen are increasingly convinced that the Nixon Administration will accept such a deal. Once again, in 1969, the fraternity of central bankers will probably have to use inspired improvisations to keep the world's monetary mechanism operating...
...change in the gold price remains highly unlikely, if only because it would do nothing to solve the basic imbalances in the major nations' currencies and economic policies. But moneymen are talking more and more about the need to revalue many currencies at once and to expand the world's monetary reserves by quickly creating a form of "paper gold," the so-called "Special Drawing Rights." To do this, they may decide to hold the first monetary summit meeting since the existing system was set up in 1944 at Bretton Woods, N.H. More likely, they will take less...
...irresponsibility." By the same token, supporters of the Johnson Administration's free-trade policies have been concerned about intimations by Nixon's aides that the U.S. might adopt a more protectionist attitude toward some imported goods, including Japanese textiles and Canadian auto parts. Nonetheless, European businessmen and moneymen, while also worried about the possibility of restrictive trade measures, express confidence that...
Even if they do not base their day-to-day investing decisions on the magazine, moneymen find its articles hard to put down. Some months ago, Herman Kahn and Anthony J. Wiener of the Hudson Institute think tank both predicted more than 100 technological breakthroughs that might win chips for investors in the year 2000. On their list: genetic control of heredity, creation of artificial life, extrasensory perception, human hibernation. Says Goodman: "This isn't just a trade magazine. People read it be cause...