Word: rand
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...almost unbearable heat of Durban Deep, a gold mine at Roodeport, ten miles west of Johannesburg. He has worked nearly 300 days in the past year, but he will not work tomorrow. After the paymaster hands him a brown envelope containing his monthly wages of 270 rand ($122), Olebogeng is ready to travel more than 300 miles to celebrate Christmas with his family, whom he has not seen in nearly a year. "They will slaughter a goat to mark my return," he says with a smile...
Before he did anything else, however, Olebogeng had to give his father the present that made his year in the mines bearable: his savings of 1,010 rand ($450). "Pick a goat," he said with glee, anticipating the feast to come. Meanwhile, his brother James, 13, popped a cassette into Vincent's battery- powered stereo. The sounds of the Isilingo Soul Brothers wafted over the plain. Vincent Olebogeng was home, and Durban Deep seemed very far away...
...nuclear-powered or nuclear-armed ships in its waters, was the most serious blow to any U.S. alliance in 20 years. Antinuclear activism, spurred in part by continued French nuclear testing in Mururoa, has spread through the South Pacific. According to Harry Gelman, a political analyst at the Rand Corp., the Soviets hope to benefit "by identifying the United States in Asian eyes with the nuclear danger...
...bankers just over a year ago indicated that they would not extend new loans and would not roll over the loans to the South African government then in place, the South African government responded in anguish. It froze funds, forbade financial transfers out of the country, stopped trading the Rand and began a campaign to keep the money flowing...
...changing the income brackets or focusing on job categories. While some researchers see a smaller shrinkage, or barely any at all, many are convinced that the change is real. "No matter what definition you use, you come up with the phenomenon," says James Smith, a senior economist for the Rand Corp...