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Among industrial nations, Austria's schilling (down 2.1%) was last year's most stable currency, and Denmark's krone (down 6.9%) the least. The purchasing power of the U.S. dollar sank 2.8% last year, but its performance during the 1956-66 decade was better: it eroded by...

Author: /time Magazine | Title: Money: First Prize for the Quetzal | 7/14/1967 | See Source »

When heaven and hell are conceived as starting on earth, the demythologizers argue, Christian ethics are bound to be sharply strengthened. Such a concept "imparts a tremendous value to human life here and now," says Boston University's Methodist Scholar S. Paul Schilling. The theologians also argue that a...

Author: /time Magazine | Title: Eschatology: New Views of Heaven & Hell | 5/19/1967 | See Source »

Others see posthumous salvation in terms of some kind of cosmic evolution toward perfection. According to the late Jesuit Pierre Teilhard de Chardin, man is evolving toward an "Omega point," or ultimate encounter with God. To Methodist Schilling, the phenomenon involves "the ongoing life of the whole person, not of...

Author: /time Magazine | Title: Eschatology: New Views of Heaven & Hell | 5/19/1967 | See Source »

So, at least, reasoned two Washington-based Russian military attachés after reading reports on what its developer calls "the world's most accurate unguided rocket." Though they could easily have bought a Gyrojet in the capital, they showed up for some reason at a gun shop in...

Author: /time Magazine | Title: Espionage: No Sale to SMERSH | 4/22/1966 | See Source »

Schilling took them for something, however, and refused to sell them the rocket gun under a state law that prohibits the sale of firearms to foreigners. Since ammunition was not covered by the law, he sold them 13 rocket bullets, promised 24 more-then called police. When the visitors showed...

Author: /time Magazine | Title: Espionage: No Sale to SMERSH | 4/22/1966 | See Source »

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