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...strengthen their financial defenses in advance, the major nations might increase their reserves of monetary gold. South Africa is sitting on a horde of $1.25 billion in gold, waiting for a crisis that would lift its price. But the South Africans seem willing to make a deal. They would probably sell half of their gold to the official market at $35 per oz., if they could also get permission to sell the other half at a higher price on the free market. At the same time, the world's monetary authorities would put a floor under the gold price...

Author: /time Magazine | Title: Gold: Crisis Again? | 1/31/1969 | See Source »

Such piddling labor disputes badly disrupt Britain's fragile economy and damage its drive to strengthen the pound by raising exports. Last week strikes crippled several key exporters, including a shipbuilder and two automakers, Rootes and Jaguar. Worse still, a squabble over union representation threatened to cripple the country's steel industry. Amid all that acrimony, public debate raged over a new government White Paper on labor policy, fittingly titled "In Place of Strife." Issued by Barbara Castle, the fiery Minister of Employment and Productivity, the paper committed Harold Wilson's Labor Government to press for legislation...

Author: /time Magazine | Title: Britain: Mrs. Castle's Recipe | 1/31/1969 | See Source »

Though the nation faces serious difficulties in foreign trade, President Johnson last week again deplored protectionist sentiment in the U.S. "The only real solutions are ones that improve our economy-not ones that erect new barriers that could provoke retaliation," he told Congress. To help strengthen the U.S. dollar, he also asked for continued controls on private investment abroad. Nixon is likely to keep those controls in force...

Author: /time Magazine | Title: The Economy: Strategies for Slowdown | 1/24/1969 | See Source »

...concerned, and would like to work out solutions at the conference table if Israel and their own people would permit. Others are militants and see no answer but the gun and the grenade. Israel's attack pulled the rug from under the moderates, whom they should aim to strengthen, and added tremendously to the backing of the militants...

Author: /time Magazine | Title: Letters: Jan. 17, 1969 | 1/17/1969 | See Source »

...move startled his colleagues on Capitol Hill, it was sure to have even a more galvanic effect on the nation's campuses, where until recently, McCarthy had enjoyed al most deified status. In an editorial entitled "Not So Clean," the Harvard Crimson said the resignation "served to strengthen the impression held in not a few quarters that McCarthy has gone over the political deep...

Author: /time Magazine | Title: Democrats: McCarthy in Limbo | 1/17/1969 | See Source »

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