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Bridling at the Setup. As the source of three-fourths of the free world's new gold, South Africa bridled at the new arrangement. Officials figured that if the country turned to the free market for a gold outlet, the price of its largest export would plunge. The U.S., on the other hand, hoped that South Africa would be forced into making free-market sales, thus lowering simultaneously the price of gold and the pressure on the U.S. dollar. The result has been a six-month war of nerves. South Africa has stashed away all but a tiny...

Author: /time Magazine | Title: Money: Two-Tier Troubles | 10/11/1968 | See Source »

...penniless former slave owner and Otis Young is a quick-witted former slave. No Uncle Tom, Young can barely stand the sight of his erstwhile oppressor. Since straight-shooting hands are hard to find, he takes Murray on as a temporary sidekick. Whitey does not cotton to the setup either, and the two bristle at each other even as they foil a gold heist. A mutually respectful, but hostile, black-white relationship is a departure for TV "realism." Whether it can be made as durable as the warm, three-year-long buddyship of I Spy's Bill Cosby...

Author: /time Magazine | Title: Programs: The New Season (Contd.) | 10/4/1968 | See Source »

...tube from an artery in the woman's right arm, above the pulse point, to a vein in the baboon's groin. With a second tube, they linked an artery in the baboon's groin to a vein in the woman's arm. When the setup was in place, the doctors released the clamps that opened the two-way circuit...

Author: /time Magazine | Title: Therapy: The Liver and the Baboon | 9/27/1968 | See Source »

...space, depending on location. Speed-Park uses a computer-controlled moving elevator platform to whisk a car to one of eight levels, where hydraulic machinery shovels the auto into an empty stall. Total time for the cycle: 30 seconds. The system is by no means inexpensive; a one-elevator setup costs about $1,000,000, but Otis claims that it costs no more to maintain than a passenger elevator...

Author: /time Magazine | Title: Business: New Ways to Park a Car | 9/13/1968 | See Source »

Under the minimum-rate setup, member brokers of the exchange are required to charge investors no less than the fee prescribed by the exchange for every purchase or sale of securities. The actual amount varies with both the price of the stock and the number of shares traded. For example, a buyer must pay $44 in commissions to get 100 shares of a $50 stock, or $47 for 100 shares of an $80 stock. The Justice Department maintains that this amounts to illegal price fixing. Instead of rigid minimums, it wants free competition among brokers for setting the commission...

Author: /time Magazine | Title: Wall Street: The Battle About Fees | 8/30/1968 | See Source »

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