Word: priced
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Dates: during 1960-1969
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...enormous book 460 pages of sermons, poems, informal essays. T.S. Eliot has some delicate lyrics composed while he was an undergraduate here. Theodore Roosevelt has written a bellicose speech on "Harvard and Preparedness" (including some remarks about "the absurd and mischievous professional-pacifist or peace-at-any-price movements which have so thoroughly discredited this country during the past five years. These men are seeking to chinafy the country."): E.E. Cummings wrote rhymed poems as an undergraduate, and these are to be found here too. Photographs of Wallace Stevens and Norman Mailer at the age of twenty stare out from...
Squeezing South Africa. The falling gold price puts South Africa in a particularly uncomfortable position. South African mines provide 77% of the non-Communist world's gold output, but as part of a 1968 pact, central banks agreed to stop buying the metal. That strategy was intended to force South Africa to sell all its gold on the free market, thus depressing the price. South Africa tried to break the embargo but found only Portugal and some Middle East sheikdoms willing to risk the wrath of the major monetary powers by purchasing newly mined gold...
Nickel, the lowly metal commonly associated with the U.S. 50 piece, has become a philosopher's stone for speculators. On the London Metal Exchange, the main international market, a pound of nickel last week brought $7.70 -about five times more than a year ago. The price was bid to incredible levels by the worst global shortage since World...
...this year is that the Western nations have surmounted their currency crises and, largely as a result of the French devaluation and German revaluation, entered a new period of monetary tranquillity. The world's confidence in the value of paper money is measured by the volatile free-market price of gold: the higher the price, the greater the doubts among investors as to the worth of currencies. Since, last month's upward revaluation of the West German mark, gold has dropped abruptly. From an early October level of $41.20 an oz., the price in London sank last week...
...main mission is to promote stability in the international monetary system. By allowing South Africa only a small official outlet for its metal and forcing it to make most of its sales on the private market, the U.S. obviously hopes to squeeze the private price of gold closer to the $35-an-oz. official level. So far that is just what is happening...