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...fact of financial life" the habit foreign nations have of supporting their faltering currencies with dollars. Shopkeepers in many parts of the world give generous discounts to tourists who pay in dollars. Millionaires in Latin America and other developing areas convert their own currencies into dollars?paying a high premium for the privilege?and often deposit the dollars in U.S. banks...

Author: /time Magazine | Title: World Business: Mr. Dollar Goes Abroad | 9/10/1965 | See Source »

...same year, Edward B. Rust, 46, became president of State Farm Mutual Insurance when Father Adlai stepped up to chairman; under Edward, the nation's largest automobile insurance firm has increased its policyholders from 5,500,000 to 8,500,000, raised its premium income...

Author: /time Magazine | Title: Management: How the Sons Rise | 5/28/1965 | See Source »

...Dump Truck. In a step aimed at boosting farm production, the government granted incentives to collective farms by canceling their $2 billion debt to the State Bank and promised premium prices for any deliveries above quotas. Also announced was a $77 billion investment in agriculture by 1970 -most of it to be paid by the government. On the industrial front, Kosygin called for more consumer goods, announced that the next Five Year Plan would provide higher wages for factory workers, who currently earn an average $120 a month. It was the first indication of a break in the long wage...

Author: /time Magazine | Title: Russia: The Bricklayers | 4/30/1965 | See Source »

...impact college had on each group and find that contrary to myth the preppie possesses deeper anxiety and undergoes greater change because he, unlike the boy from City High, is less prepared by his secondary school culture to fit into the "new" Harvard--a college in which the premium value is motivated, independent learning. At the beginning of the essay, Ricks and McCarley suggest that a social scientist is one who is never afraid to admit the obvious, and doubtless they would admit the obvious difficulties in generalizing about Harvard from so small a sample, but their analysis...

Author: By Ben W. Hkineman jr., | Title: The Harvard Review | 4/17/1965 | See Source »

...President Nasser, who made the pilgrimage himself in 1955, allowed only 17,000 hajj passports for his people; there were fist fights in Cairo as devout Moslems elbowed their way into queues to get the necessary documentation. In Jordan, airline space to Jeddah was at such a premium that one group of rich pilgrims flew to London, caught a BOAC flight to Dhahran near the Persian Gulf, then chartered a bus to cross 780 miles of desert...

Author: /time Magazine | Title: Faiths: The Moslem World's Struggle to Modernize | 4/16/1965 | See Source »

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