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...lack of enough gold and currency reserves around the world to finance the growth of global trade. The report foresaw a U.S. payments surplus by 1968, but even that would be no full solution; a surplus will lead to deficits for U.S. trading partners, which will then react by restricting their imports from the U.S. Needed: a new, broader-based monetary system that will not penalize the U.S. for the aid it pours abroad...

Author: /time Magazine | Title: State of Business: Worrying About Money--But Making It | 8/2/1963 | See Source »

Although the experimenters were worried that the children simply would not react, when the first subject, a six-year-old girl, changed her mind over 110 times, "we sent her home confirmed that our operation was a success...

Author: By Allan Warsowe, | Title: Maher Explains His Experiments | 8/2/1963 | See Source »

...react in just one way to Al Capp's remarks that a prep school is a big gang as vicious as any in New York but without the guts: I'd like to punch Capp in his big leaking mouth. My research into the gangs of New York has failed to turn up a single character who has been willing to address himself to an enemy without a gun, a knife or help-hardly the symbols of guts...

Author: /time Magazine | Title: Letters: Jun. 21, 1963 | 6/21/1963 | See Source »

...with urbanized Bantus now 65% literate and developing a middle class of civil servants and teachers, preferences are becoming more sophisticated. Bantus refuse to read or speak Afrikaans, react quickest to English-language advertising. British habits are widely copied: 80% of all hats sold in South Africa are bought by Bantus, who consider a hat the hallmark of English gentility, and three out of four Bantu homes prefer tea to coffee...

Author: /time Magazine | Title: South Africa: What Makes Bantus Buy | 6/21/1963 | See Source »

...sulfonic-acid group (-SO-OH)-the chemical that is responsible for the cleansing action-onto each long-chain hydrocarbon molecule. This is no easy trick to perform in a practical industrial process, but after years of work Esso chemists finally developed a novel way of making the reluctant chemicals react by jolting them with gamma rays...

Author: /time Magazine | Title: Chemistry: At Last, A Disappearing Detergent | 6/14/1963 | See Source »

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