Word: paper
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Dates: during 1960-1969
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...York stay dead. But a few, or parts of them, are coming back to life this week. New York magazine, which used to supplement the New York Herald Tribune and later the World Journal Tribune, is reviving as an independent weekly. A TIME-sized 40? magazine on glossy paper, its first issue contains 136 pages, with 64 pages of advertising, including the much-prized Fifth Avenue retailers. After an inventive promotion campaign offering winners such awards as a dinner with Mayor Lindsay or a personal bench in Central Park, an encouraging 60,000 people have subscribed. Editor Clay Felker hopes...
...Washington Star was obviously resigned to Kennedy. "This was a ruthless performance," noted the paper, "but politics is a ruthless business." Echoed Atlanta Constitution Columnist Ralph McGill: "It will do no good to cry opportunist at Senator Kennedy. He is an opportunist-and he had better be! In politics, opportunism is the name of the game." San Francisco Chronicle Columnist Art Hoppe wrote an allegory in which the Gentle Knight (McCarthy) jousts the old king (L.B J) to a standstill, only to be shouldered aside by the Young Knight (R.F.K.) who has won over the crowd with words not deeds...
...drinking their blood. Who will drink whose blood before this latest flood? Chicken is furious at losing the property to Lot's wife, and he has in his wallet a previously signed agreement willing it to him. Lot assigns Myrtle the task of getting that piece of paper and destroying...
...accord arrived at in Stockholm last weekend moved the international monetary system another uneasy step away from disaster. Nine of the top ten financial powers of the non-Communist world reached agreement on the form of a new kind of international money - paper gold - to supplement dollars, pounds and real gold in bank rolling world trade and investment. France refused to go along...
Creation of the new monetary asset still must be ratified by countries representing four-fifths of the $20 billion in assets of the 107-nation International Monetary Fund. That process is expected to require about a year. The paper gold will go by the name Special Drawing Rights, or SDRs, and will be administered by the IMF. Though SDRs will consist entirely of entries on the IMF's ledgers, in proportion to each nation's regular IMF contributions, they will become a permanent addition to the monetary reserves of IMF countries. SDRs will be used to settle accounts...