Word: moring
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Dates: during 1960-1969
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Nickel, the lowly metal commonly associated with the U.S. 50 piece, has become a philosopher's stone for speculators. On the London Metal Exchange, the main international market, a pound of nickel last week brought $7.70 -about five times more than a year ago. The price was bid to...
Britain, which depends almost wholly on Canadian nickel, has been hurt worst. The country faces what the London Times calls "one of the gravest raw materials crises since wartime controls." Stainless-steel prices have climbed 35% since August. Rolls-Royce is reclaiming the metal from scrapped engines, and some auto...
In the U.S., the Government has drawn on its stockpile and has begun allocating 9,000,000 lbs. of nickel for defense use. The U.S. may be forced to look for a shiny substitute for the metal that goes into dimes and quarters and makes up 25% of the content...
Now South Africa's trade deficit is growing. The country must either sell more surplus gold to pay for imports or reduce them and invite domestic inflation. Some European bankers have been urging the U.S. to relax its opposition to South African gold sales for official reserves. Washington has...
Fit for Fortune Cookies. Mencken's denudation of America's Sunday-go-to-meeting image was carried out with wit and a once admired prose style. Harold Ross of The New Yorker said that he was "the most enlightened man writing today." That praise now seems a shade...