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...companies flush with oil profits have sought to use that money to buy mineral and mining firms. Standard Oil of California bid $4 billion for the 80% it does not already own of Amax, which has vast reserves of molybdenum, a metal used to make special steel alloys, and nickel. Seagram Co., the whisky distiller, which sold $2.3 billion worth of Southwest oil and gas properties last month, has offered more than $2 billion for St. Joe Minerals, a producer of lead and zinc...

Author: /time Magazine | Title: Big Oil Moves into Minerals | 3/23/1981 | See Source »

...STARTED WITH a flip of the coin. Jeannette, the strong-willed, pleasure-seeking, voluptuous Southern wayfarer who has come into Willie and Phil's life borrowed the nickel from a tottering old alcoholic swooning on his park bench in Washington Square Park. Heads she moves in with Willie, tails with Phil. She was broke, and both men, madly in love with her, had offered shelter in their respective lofts. Heads. We lose...

Author: By James L. Cott, | Title: The Poor Man's Jules and Jim | 9/26/1980 | See Source »

Despite the political chaos and repression, Guatemala's economy is growing by almost 5% a year, largely because of the country's increased nickel production and its new status as an oil exporter (258,000 bbl. sent to the U.S. since March). But most of the country's wealth remains concentrated in a few hands, despite a growing middle class. State Department experts believe that the country's potential prosperity could avert a total revolutionary upheaval, but only if political and social reforms are adopted. Says one frustrated U.S. official: "What they don't understand...

Author: /time Magazine | Title: CENTRAL AMERICA: The Land of the Smoking Gun | 8/18/1980 | See Source »

...Susan B. Anthony dollar, heralded as a boon to bank tellers and store clerks, turned out to be a bane. Looking and feeling too much like a quarter, she may fare less well than the poker-chip-size Eisenhower dollar and the Jefferson $2 bill. Production of the nickel and copper-alloyed coin has been "temporarily postponed," says the U.S. Mint. Of the 846 million Susan B.s already minted, only 300 million are in circulation, with Susan B. dollar 30 million-a relative trickle-being added each month. The mint is thinking of changing Susan B.'s silvery color...

Author: /time Magazine | Title: Living: Odds & Trends | 8/11/1980 | See Source »

...have changed into a more tempered and somber attitude. Though he still laughs easily with the press, his comments to reporters these days often have a hint of asperity. At last week's joint press conference with Reagan, Bush told a questioner: "I'm not going to get nickel-and-dimed to death with detail" about his differences with the presidential nominee...

Author: /time Magazine | Title: Nation: Not a Cross Word Between Us | 7/28/1980 | See Source »

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