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Whatever it comes from, the backing has been sufficient to finance a clandestine operation equipped with a $5,000 offset press, radio transmitters, and something like 3,000 recruits who range into Burma from four border training camps. It costs roughly $7 a month to supply each man with food, crisp new U.S. fatigues and M1, M-2 and M-16 rifles. General Bo Let Ya, who organized the Burmese army in the 1940s and now heads U Nu's "war council," claims that his commanders draw only $7 a month, plus 25? in "pocket money." Though the Thais...

Author: /time Magazine | Title: Burma: Voice from the Jungle | 12/7/1970 | See Source »

...kaleidoscopic Christmas displays began to blink on at stores along the main streets of the nation's cities last week, the mood of the merchants was anything but festive. Downtown retailers are hoping for a holiday buying spree to offset a year of laggard sales and inflation-riddled earnings. Economists are hoping for consumer spending to be a strong force in revitalizing the economy. The prospects for the near future are not promising...

Author: /time Magazine | Title: Retailing: Down and Out Downtown | 12/7/1970 | See Source »

...stiffened. Fuel costs have nearly tripled in the past year, mainly because of turmoil in the Middle East and increased tanker charges, but the most crushing expense for American shipowners is still labor. U.S. merchant sailors generally earn twice as much or more than their foreign counterparts. To help offset the wage differential-and keep American passengers' fares out of foreign coffers -the Government since 1936 has paid a generous annual subsidy on each U.S. passenger ship for the first 20 years of its life. The regal United States, for example, received $12 million a year from the Maritime...

Author: /time Magazine | Title: Shipping: Vanishing Flag | 12/7/1970 | See Source »

...individually with clients on large trades-and an "ultimate objective" of switching to negotiated commissions on all trades. Commissions then would be set entirely through bargaining; rates to institutional investors, who have massive negotiating power, probably would go down, while rates to small individual investors might well rise. To offset that effect partially, Haack also suggested "unbundling" some fees. That means charging separately for such services as research, rather than trying to cover them all by standard rates...

Author: /time Magazine | Title: Business: A New Campaign to Repave Wall Street | 11/30/1970 | See Source »

...pisse froid or pisse vinaigre. In private, he often called France "vacharde"-inert or uninspired. The fact was that France offered De Gaulle too limited a scope and power base. Try as he might, he could not change the basic reality that France simply lacked the specific gravity to offset the force of a superpower...

Author: /time Magazine | Title: World: A Glimpse of Glory, a Shiver of Grandeur | 11/23/1970 | See Source »

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