Word: nickel
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Dates: during 1970-1979
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Fatal Flaw. It promises to be an acid test. At the annual meeting of the Southeast Asia Treaty Organization in Manila last week, Washington's allies showed little enthusiasm for any regional plan. Thai Foreign Minister Thanat Khoman told TIME Correspondent Herman Nickel that his nation might decline to provide any substantial assistance unless its own security were "directly threatened." Some U.S. officials are convinced that Thanat is merely trying to squeeze more aid funds out of Washington; so far Bangkok has "loaned" Phnom-Penh some river-patrol craft, as well as five T-28 propeller-driven bombers...
Cheapened Standard. Theoretically, the rise in price of Canada's dollar should add to inflation in the U.S., because it will tend to increase the cost of the raw materials that the U.S. buys up North. But producers of Canadian nickel, newsprint and some other exports intend to hold their prices steady for at least the time being in order to please their important U.S. customers. The rise in other materials is expected to be relatively small. U.S. sales to Canada will very probably increase because Canadians will have to put up less of their own currency...
...would $1.50 be, Ben," he asked. I explained to him that this trip was scheduled to last 19 hours and that the MBTA no longer costs a nickel...
...however, Rhodesia probably will not be seriously harmed. The country's economy is prospering despite four years of U.N. sanctions. Tobacco production has dropped by two-thirds since 1966, when Smith overrode British demands for greater black representation and declared Rhodesia an independent member of the Commonwealth. But nickel, chrome and other exports are finding their way to world markets via neighboring South Africa and the Portuguese colonies of Mozambique and Angola. Salisbury's shops are full of imported goods, and the capital is even experiencing a mild building boom...
...street pusher, it is in one-ounce lots of 25% heroin?the rest is usually milk sugar or quinine?that cost the pusher $500 each. The pusher further cuts the diluted drug into glassine packets of 5% heroin, which he sells for $5 each?the so-called "nickel bag"?to the user. The original kilo has now grossed $225,000 for suppliers, traffickers, pushers and peddlers. The first user often splits the nickel bag into even smaller quantities that he resells for $2 or $3, making a profit that he himself can use to help support his habit. Because...