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Compromise Talk. In addition, central bankers strongly suspect that South Africa has deposited some of its gold in foreign banks and subtracted the deposits from its figures on gold reserves. That ploy would tend to make the boycott look even more ineffective than it is. British statistics show that $222 million in South African gold entered the U.K. last year. Most of it is probably to be found in South Africa's account at the Bank of England, which does not divulge what it is holding-but which has received South African gold ever since that country...

Author: /time Magazine | Title: Money: Where the Gold Has Gone | 7/25/1969 | See Source »

...projection of his own radical intention to challenge the gods-in fact, to become God. All humbling conceptions of man's relationship to the unknown, the author insists, are bad. Even the Hindu's striving for the oblivion of nirvana, he asserts, is a subtle passive-resistance ploy to achieve godhood...

Author: /time Magazine | Title: Books: Sit-In on Olympus | 7/11/1969 | See Source »

Conservative Ploy. Labor's backbenchers, a traditionally insecure lot, are plainly worried that the issue of union reform may cost them their jobs. Without the prop of union treasuries and union electoral support, Labor candidates would virtually lose by default. In this dire situation, some backbenchers began wondering aloud in the corridors whether Labor might employ a favorite Conservative Party tactic-that of changing Prime Ministers whenever party popularity plummets. This ploy enables the party to shift the blame for past errors onto the shoulders of the outgoing leader...

Author: /time Magazine | Title: Britain: The Edentulous and the Myopic | 5/16/1969 | See Source »

Showing the flag is an ancient ploy that has worn a bit thin. Richard Nixon's decision to show American military might last week was an appropriate reaction in the face of severe North Korean provocation. But he may have overdone it somewhat. In response to North Korea's destruction of a U.S. EC-121 spy plane over international waters, the President gave sailing orders to Task Force 71, a 40-ship armada assigned the task of protecting future reconnaissance flights near North Korea...

Author: /time Magazine | Title: Defense: Instant Armada | 5/2/1969 | See Source »

Unable to meet burgeoning budgets from a shrinking tax base, East St. Louis has survived for the past 15 years by the euphemistically named ploy of "judgment financing." While borrowing from banks, which invariably have to sue for repayment, the city has remained a step ahead of its creditors by taking advantage of an Illinois law that permits it to float bonds without public consent. This kind of Micawberism has driven the city so deep into the red that debt service accounted for 35% of 1967's property-tax revenues and threatens to devour more than half...

Author: /time Magazine | Title: Nation: THE CITY: THE EAST ST. LOUIS BLUES | 4/11/1969 | See Source »

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