Word: smalling
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Dates: during 1970-1979
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Most of the buy orders are for $10,000 or less, and some of the checks being used for payment are being drawn on credit unions and savings banks by small investors. Joseph Hale, president of World Wide Coin Investments in Atlanta, reports that one client wanted advice about whether to sell her house to buy gold. Most small investors appear to be looking not so much for profit as capital protection...
...perilous. Says Clayton Yeutter, president of the Chicago Mercantile Exchange, a leading gold futures market: "As the price enters the stratosphere, the risks become extraordinary. If you look over the edge from here, it's a long way down." Even if there is no great plunge, the small investor especially can find himself paying more than he figured for his bullion. When buying or selling coins, for example, dealers commonly add a charge amounting to 5% or more of the market price. Thus someone who bought a Krugerrand when gold was at $380 last week would have to wait...
...ratings, a trend that will take time to reverse. Salant sounds like a football coach after a bad loss: "NBC has got to get its pride back. I can't stand this 'you win some, you lose some' attitude." Salant has hired Bill Small, a top CBS executive, to shake up NBC News. "They say morale's bad, wondering what kind of changes are coming here," says Salant. "They ought to be worried." But Salant still refuses to jazz up the news. Just before he arrived at NBC the network made an admirably Salantesque gesture...
...that Charles is so hooked on ratiocination because he is so bad at acting. On the funny side of 50, Charles is the kind of thespian whose career has been confined to small parts in the big time and big parts in the small time. When he needs a disguise, Charles usually borrows a look or an accent from one of his flops, and Brett wickedly runs in a quote from one of his provincial reviews ("Had I not known it to be a good play, this production would not have convinced me of its merit"). Charles' personal life...
...Soviet Union. To a long disquisition by Nixon on the question of which of the nuclear superpowers, the United States or the Soviet Union, presented a greater threat, Mao replied: "At the present time, the question of aggression from the United States or aggression from China is relatively small ... You want to withdraw some of your troops back on your soil; ours do not go abroad." By a process of elimination, the Soviet Union was clearly Mao's principal security concern. Equally important was the elliptical assurance, later repeated by Chou, that removed the nightmare of two Administrations?that China...