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Bunker Hunt ventured into silver in 1973 after Libya nationalized his 8-million-acre oil holdings. Says Hunt: "Silver looked safer than overseas oil concessions the way things were going. And precious metals were a good hedge against paper money." In late 1973, when the price was around $3 an oz., Bunker and Herbert went into silver Texas-style, buying an estimated 35 million oz. of silver futures. The brothers waged a bitter fight in 1977 to buy control of Sunshine Mining Co., which owns the nation's largest silver mine. In a rare defeat, their offer was rebuffed...

Author: /time Magazine | Title: Business: Bunker Hunt's Comstock Lode | 1/14/1980 | See Source »

...force in the world--a surprise and disappointment also to Marxists. As long as this remains so, we must be prepared to defend our interests by domestic measures that will strengthen our economy through conservation, the use of nuclear power as an interim measure until we can develop still safer sources of energy (or else we shall fight a class war between the educated who want amenities and the less-educated who would also like amenities but who want first of all jobs and heat). I would be very happy if our environmentalists and consumer advocates, such as Ralph Nader...

Author: By David Riesman, | Title: Nuclear Countdown | 1/7/1980 | See Source »

Warns Mobil Chairman Rawleigh Warner: "The West can no longer assume that oil-exporting countries, and specifically those in the Middle East, will be willing to tailor production to demand. The safer assumption is that the consuming countries will increasingly have to tailor their demand to production. And the factors that determine the ceiling on production are more likely to be political than economic or technical...

Author: /time Magazine | Title: Man Of The Year: The Mystic Who Lit The Fires of Hatred | 1/7/1980 | See Source »

...majority of the nation's apartment dwellers who do not have fireplaces, there are a few alternatives. Space heaters are selling well, though fire departments warn of dangers from liquid fuel and certain electric models. Safer and cheaper by far are the 79? sheets of transparent plastic offered as "indoor storm windows." Used in combination with Mortite and other caulking compounds (some offered in decorator colors), they can effectively seal out drafts around window frames, balcony doors and air-conditioning units. One Chicago store shows shoppers a quick how-to-do-it movie to help them with installation. Insulated...

Author: /time Magazine | Title: Living: Hotlines and Comforters | 12/24/1979 | See Source »

...will make it safer for the pedestrian," Myers said. "People from out of state don't know that a turn is illegal here, and surprise Boston pedestrians when they turn right on a red light," she said...

Author: By Jonathan D. Rabinovitz, | Title: Right-On-Red Comes to Boston | 12/4/1979 | See Source »

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